COVID-19 infections, the Indian Banks’ Association (IBA) has advised banks to restrict working hours between 10 am to 2 pm, showed a letter issued by the industry body.“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," IBA said in a letter to State Level Banking Committee (SLBC) convenors on 21 April.
Mint has seen a copy of the letter.The IBA organized a special managing committee meeting on 21 April and decided to issue advisory on some additional steps that can be taken by banks in addition to the steps mentioned in standard operating procedures (SOPs) issued last.