Banks Closed on September 5th: Reasons Explained; State-Wise Shutdown Schedule Detailed
In the business world, September 2025 promises a series of significant events, from bank holidays to stock-related activities.
Mukesh Ambani, the chairman of Reliance Industries Limited (RIL), has hailed the upcoming GST 2.0 reforms as a "historic 'Diwali gift' to India." Meanwhile, Piyush Goyal, the Union Minister of Commerce and Industry, views US tariffs on India as a "blip," maintaining that long-term ties remain strong.
The stock market is not closed for Eid-e-Milad on September 5, 2025, but this day is observed nationwide as a bank holiday. On the same day, banks are closed in several states, including Gujarat, Mizoram, Maharashtra, Karnataka, Madhya Pradesh, Tamil Nadu, Uttarakhand, Telangana, Manipur, Jammu and Kashmir, Uttar Pradesh, Kerala, Delhi, Sikkim, and Chhattisgarh. The bank holiday on September 5, 2025, is under the Negotiable Instruments Act.
On September 6, 2025 (Saturday), Sikkim and Chhattisgarh observe a bank holiday due to Eid-e-Milad, and on September 12, 2025 (Friday), Jammu and Kashmir take a day off following Eid-e-Milad.
In terms of stock market activities, September 8, 2025 (Monday) serves as the ex-date for several stock-related events. Additionally, it is also the record date for 50% payment on each share for a Navratna PSU.
Varun Beverages, NTPC, Zydus Lifesciences, IHCL are some of the stocks to watch today on September 5, 2025. However, the Nifty Prediction for this day does not indicate a market rally or dip due to GST reforms.
As the month progresses, more bank holidays are scheduled. September 22, 2025 (Monday) is a bank holiday in Rajasthan due to Navratra Sthapna. September 23, 2025 (Tuesday) is a bank holiday in Jammu and Kashmir due to the birthday of Mahararaja Hari Singh.
Finally, SBI Research predicts that GST rate revision could reduce inflation by up to 75 basis points in FY26.
As always, stay tuned for more updates and insights from the world of business and finance.
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