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Bank strike: Services hit as lakhs of employees protest

Several banks have urged customers to use digital channels and ATM services to carry out normal banking activities; AIBEA says 75% workers will be left with no legal protection if new labour codes come into force

 
 

Banks have also been building reserves and creating excess COVID provisions, which in our view should help them smooth the hit from COVID-related losses

RBI has also surpassed US Federal Reserve, and European Central Bank (ECB), emerging the most popular central bank on Twitter

The lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring

In order to allow them to run full-fledged operations, the apex bank may make norms tighter as proposed by deputy governor M Rajeshwar Rao recently.

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