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Break the chain: IBA asks banks to restrict services in view of surge in Covid-19 cases

Break the chain: IBA asks banks to restrict services in view of surge in Covid-19 cases April 22, 2021 Working hours could be restricted from 10 am to 2 pm The Indian Banks’ Association has asked banks to follow the Covid-19 pandemic related standard operating procedures (SOPs) it issued last year, whereby they will provide only essential customer services, business hours will be shortened, and employees will be called on rotational basis to break the transmission of the coronavirus in the second wave. Under the SOPs, banks will continue to provide four essential services cash deposits and withdrawals, clearing of cheques, remittance and government businesses.

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.

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