BSP Circular 2013-802: Amendment of Section X156 of MORB (Manual Of Regulations for Banks) Eh ano nga ba ang nasa Section X156? "I. BANKING DAYS AND HOURS Sec. X156 Banking Days and Hours. All banks, including their branches and offices, doing business in the Philippines, shall observe for the conduct of their business, a regular banking week of five (5) days, except if such days are holidays. The regular banking week should fall on Mondays to Fridays unless otherwise authorized by the BSP in the interest of the banking public. On these days, said institution shall transact business for at least six (6) hours each day. Subject to compliance with other relevant laws, banks, including their branches and offices, may opt to observe a banking week in excess of five (5) days after reporting to the BSP the additional days during which such banks or their branches or offices shall transact business for at least three (3) hours each day. "
Posted on: Thu, 11 Jul 2013 14:25:27 +0000