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: Sunday, June 6, 2021, 5:35 PM IST
Privatisation: Bank union seeks clarity from Fin Min; explains why privatisation of Bank of Maharashtra will hurt Maharashtra s rural economy
Privatisation: Union seeks clarity from Fin Min; explains why privatisation of Bank of Maharashtra will hurt Maharashtra s economy
The United Forum of Mahabank Unions has written to the Department of Financial Services, under the Finance Ministry, to clarify if Bank of Maharashtra is among the banks to be privatised. The union went on to claim that the news of privatisation may hurt the bank as customers may start to withdraw deposits.
Union wrote the news around privatisation which is not been confirmed by the ministry is âcreating confusion in the minds of the customers and it is every likelihood that based on this unauthenticated news customers of Bank of Maharashtra may withdraw their deposits and this is possible more particularly in the state of Maharashtra where Bank of Maharashtra has networ
TS nod for vaccination of bank staff at workplace
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Vaccination to be done by private hospitals
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Vaccination to be done by private hospitals
Telangana government has permitted all banks and financial institutions, including the Reserve Bank of India (RBI) and NABARD, to vaccinate the employees as well as their family members by engaging private hospitals.
The approval follows a request from the State Level Bankers’ Committee (SLBC) and the RBI for vaccination of their staff and family members, aged above 18 years. The Director of Public Health and Family Welfare, while conveying the go-ahead, said while doing so, the hospitals and the banking institutions should ensure that all vaccinations happen by registering in COWIN portal.
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.
Essential banking services to be available during the time, says SLBC
Bank branches in Telangana will continue to remain open for customers for four hours, from 8 a.m. to 12 noon, until May 30.
This follows the State Level Bankers’ Committee on Thursday advising member banks to adhere to the four-hour schedule, to which branches had shifted a week ago, in the backdrop of lockdown in Telangana being extended up to the same date. As per an earlier advisory, the new timings for the branches were to be in force till May 20.
“It is felt necessary to continue the existing banking timings (8.00 am to 12.00 noon), so that the general population of Telangana is not put to any inconvenience and can carry out banking transactions with ease during the lockdown period,” SLBC Convenor and SBI General Manager Krishan Sharma said in a communication to the controller of all banks.