The Indian Banks' Association (IBA) is reconsidering a long-standing demand from unions to keep bank branches open for only five days a week.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays. The staff unions, under the umbrella of the United Forum of Bank Unions (UFBU), refuse to budge on this demand, people familiar with the development told Business Standard.
The merits and the challenges of a five-day week will be placed before the new government by IBA after the general elections, sources said.
Courtesy: Business Standard