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May 20, 2021, 11:21 AM IST
New Delhi: In the wake of the onslaught of the second wave of COVID-19 pandemic, banks in India have reduced their working hours.
Indian Banks’ Association (IBA) had last month written a letter to the State Level Banking Committee (SLBC) convenors on the seriousness of the second wave of coronavirus. “We are going through the challenging period of resurgence of the mutant virus with several states reporting record high daily numbers of new infections and there are serious concerns about the economic activities, the IBA had written.
IBA has accordingly advised banks to restrict working hours between 10 am to 2 pm. Banks have implemented shorter banking hours on the advice of the IBA.
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Tourism stakeholders observe Black Day
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Updated:
Centre, State lackadaisical in helping out the crisis-ridden sector, they allege
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Centre, State lackadaisical in helping out the crisis-ridden sector, they allege
Expressing angst at the alleged lackadaisical attitude of the Centre and State governments in helping out the crisis-ridden tourism stakeholders and the over-a-million-strong workforce in Kerala, members of the fraternity observed May 1, Workers’ Day, as Black Day through protests, including through social media.
The observance of Black Day comes at a time when the resurgent pandemic has resulted in foreign and domestic tourists cancelling or postponing their trips to the State which banks heavily on the over ₹40,000-crore annual revenue from the sector.
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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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