IBA asks banks to reduce working hours: THESE 4 services will continue

Highlights
The working hours of banks will be shortened and that will eventually affect the operations of the banks.
IBA has asked banks to cut short the working hours from 10 am to 2 pm and reduce the staff attendance to 50% in these tough times.
However, it has been clarified that banks will continue with their services like accepting deposits, cash withdrawals, remittance, and government businesses.
With the increasing number of COVID-19 cases in India, the Indian Banks’ Association has issued an advisory that the working hours of bank officials will be cut down and the number of professionals working for banks should be reduced to 50%. 

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