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Banks set to curtail business hours, operate with 50% staff

Banks set to curtail business hours, operate with 50% staff Updated: Updated: Business hours may be limited from 10 a.m. to 2 p.m. Share Article Business hours may be limited from 10 a.m. to 2 p.m. A spike in number of COVID-19 cases in recent weeks is likely to make banks in Telangana curtail business hours as well as operate many of their branches with half the staff strength. Under active consideration following several hundred bank employees and officers getting infected with the virus, these and a few more measures were discussed at a special meeting of the State Level Bankers’ Committee on Wednesday, multiple sources said. The SLBC decision, especially date from when the changes come into force, are likely to be conveyed late in the night, they said.

Bank workforce seeks more protective measures

Bank workforce seeks more protective measures Updated: Updated: Share Article AAA Reduced working hours, five days working per week, working with reduced staff, and hub banking, have been mooted to ensure safety of the bank employees and customers from the pandemic. The seven-point suggestions to create a “strong shield of safety to banks’ workforce and customers” had been put forward by United Forum of Bank Unions (UFBU) in addition to the 13-point advisory given by SLBC to the member banks to comply with. As done last year during the lockdown months, the UFBU has said there is an urgent necessity to restrict physical banking for next four to six months and to reduce working hours from 10 a.m. to 2 p.m.

FinMin asks State-run banks, insurers to consider postponing promotion process

FinMin asks State-run banks, insurers to consider postponing promotion process April 19, 2021 × ‘Ensure that promotion process factors in the constraints likely to be faced by officers and staff’ The finance ministry has asked all public sector financial intermediaries to take cognisance of the prevailing Covid-19 pandemic situation and take appropriate steps to ensure that the promotion process factors in the constraints likely to be faced by their officers and staff. The ministry emphasised that the officers and staff of the public sector financial intermediaries public sector banks (PSBs), public sector insurance companies (PSICs) and financial institutions (FIs) may be given adequate opportunity for participating in the promotion process.

Banking staff for reduced working hours

Banking staff for reduced working hours Updated: Updated: Share Article AAA The United Forum of Bank Unions has demanded that reduced working hours/days should be implemented in the background of the second wave of COVID-19 pandemic. The physical banking should be restricted for the next four to six months and that five-day working week should be brought into effect, said a communication from the forum. Working from home and working of banks with the minimum staff should be followed over the next four to six months, the forum said. It also suggested that the concept of hub banking should be introduced without opening all the branches and exposing both customers and employees to the possibility of the pandemic spread. The banking operations may be extended to a few bank branches instead of opening all the branches, it said.

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