According to the finance
ministry’s Twitter handle, during the call, banks raised specific problems and were heard in detail. Solutions to these issues are being found through coordination with state governments and all the problems are being addressed, it said.
FM acknowledged the role of public sector banks and encouraged them to keep up their efforts in providing uninterrupted banking services across the country.
Financial Services Secretary Debasish Panda and Madnesh Kumar Mishra and Suchindra Mishra, both of whom are joint secretaries in the Department of Financial Services, were also present during the calls.
Banking on them
Banks to ensure all their branches and ATMs continue operations
To implement social distancing at all points
Provide authorisation to staff
Seek district administration help for smooth passage of staff
Bankers have conveyed that over 90 per cent of branches are working for transactions and special care is being taken to keep adequate cash at branches, ATMs
and with BCs. Some branches are not able to function due to loacal factors like restrictions on the movement of people. Bank executives are sorting out these issues by coordinating with district magistrates, police and state governments.
Banks are considering additional steps for BCs like insurance coverage and additional financial incentives as transactions at BC points have declined sharply in March after the lockdown in various states.
Meanwhile, public sector lender Indian Bank has launched mobile ATM, which is going to colonies, residential localities, and vegetable markets in Chennai for the benefit of all civilians. The bank is also in process of starting similar facility in other places, including New Delhi, said its MD & CEO Padmaja Chundru.