Business Standard|March 22, 2020
Some banks are bracing up for downing shutters on branches in case cities go into a lockdown with a possible explosion of the coronavirus disease (COVID-19) cases.
“The number of customers visiting bank branches has come down in recent days. The banks may operate with a minimum number of branches and may close down some of them. But it will be done in a manner that the customers remain unaffected,” a chief executive of a Mumbai-based state-owned bank said.
Private lenders such as Kotak Mahindra Bank have sent out advisories to customers, encouraging them to use mobile or internet banking as its offices “will operate with reduced staff due to COVID-19”.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories and 5,000+ magazines
READ THE ENTIRE ISSUE
March 22, 2020