Indian banks plan to shut down most branches during the lockdown

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9th April 2020:

The earth’s second most thick with a person nation with 1.3 billion, in general, is still bey much a money society, and banks have been exempted from a 21-day lockdown that began last week as they are into accounts or at full support . The central bank and other banks are in planning to close the bank to stop the spreading of coronavirus in bank employees.

Under the plan, there would likely be only one bank branch open every five km in major cities, the sources said, declining to be identified as the discussions about the closures have not been publicly disclosed.

Banks are also giving thought to a setting interoperable support, which would suggest that customers od one bank will able to make money from other bank and that will make a bit of business, fixed between the one let have to time an official with a state-run bank said

The RBI and the Indian banks’ connection did not immediately give a reaction to requests to make the point clear.


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