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Covid impact: UFBU demands reduction in business hours at banks

April 15, 2021 The United Forum of Bank Unions (UFBU) has requested the finance ministry to reduce the business hours of banks, bring in five-day week, and allow hub banking in a bid to break the Covid-19 transmission chain and protect bank employees and their families. Sanjeev K Bandlish, Convenor, UFBU, in a letter to the Debasish Panda, Secretary, Department of Financial Services, Ministry of Finance, said: “As was implemented last year, there is a necessity to restrict physical banking for next 4-6 months. Banks may be advised to reduce working hours (say from 10am to 2pm). “Similarly, banking should be restricted to 5 days in a week, to break the chain. This would cut the exposure of bankmen and the customers to a great extent without impairing services.”

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