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Banks to continue 4-hr schedule till May 30

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. ....

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Banks strike: PSU Bank employees go on a two-day bank strike on March 15,16: Five things to know

Updated Mar 15, 2021 | 06:11 IST
Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike.
PSU Bank employees go on a two-day bank strike on March 15,16: Five things to know | Photo Credit: PTI
New Delhi: Around 10 lakh bank employees will go on protest on March 15 and 16 against the privatisation of public sector banks, that was announced during the Union Budget. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike.
FM Nirmala Sitharaman had announced that two public sector banks other than IDBI Bank would be privatised, with the government setting its disinvestment target for FY22 at Rs 1.75 crore. ....

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