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Monday, December 23, 2024 | 10:53 AM ISTEN Hindi

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Tamil Nadu bank branches to work with 50% staff under new guidelines

Move follows objection and strike threat by unions over earlier instruction calling for 100% attendance

Private banks have better loss-absorption capacity, but are nonetheless bolstering core capital
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T E Narasimhan Chennai
All Bank branches and offices in Tamil Nadu will function with 50 per cent as per the new guidelines by the State Level Bankers' Committee - Tamil Nadu.

Last month, the Committee said that all bank branches/ offices in the State shall function with 100 per cent staff under normal working hours rendering usual services. However the Unions objected to the decision and even threatened to go on strike.

The Unions have said the earlier instruction was not in conformity with the standard operating procedures (SOP) or Government guidelines. Besides, since public transport remains withdrawn and with more and more bank employees

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