Chandigarh Administration issues advisory to public and private banks during curfew for Corona Virus

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Chandigarh Administration issues advisory to public and private banks during curfew for Corona Virus

Complete Advisory for banks during curfew

No. F&PO/PEO/SOP/2020-_^|- \o CHANDIGARH ADMINISTRATION FINANCE DEPARTMENT

Dated, Chandigarh the 29.3.2020

The Deputy Commissioner, U.T., Chandigarh.

Subject:- Advisory regarding functioning of Branches and Banking Correspondents despite Disruption on account of Corona Virus.

In continuation to this Administration letter bearing no. F&PO/PEO/SOP/2020-Spl.1 dated 24.3.2020; F&PO/PEO/SOP/2020-Spl.7 dated 25.3.2020 and F&PO/PEO/SOP/2020/351 dated 27.3.2020, it is intimated that the Department of Financial Services, Ministry of Finance, Govt, of India vide its letter No. 2/1/2020-BO.II dated 27th March, 2020 (copy enclosed) has issued an Advisory to the Banks regarding functioning of Bank Branches and Banking Correspondents despite disruption on account of Corona Virus wherein it has been reiterated that it is very crucial and critical to keeping banking channels open and that branches and BC function throughout the lockdown period so that people do not face any hassles or problems in their financial transaction. This is especially important in view of the Pradhan Mantri Garib Kalyan Package launched by the Government to ensure livelihood security of the poor and vulnerable, as a result of which the cash withdrawn requirement of many people would require to be met thorough branches and BC in a time bound manner. Such benefits can reach the beneficiaries only when the banking channel is operational.

Apart from this, also the Reserve Bank of India vide its letter no. DGBA.GBD.No.1799/42.01.029 dated March 27, 2020 has announced Special Measures for Annual Closing (2019-2020) of Government Accounts which have been enumerated as under :-

  • All Government transactions done by agency banks for FY 2019-2020 must be accounted for within the same financial year;
  • All agency banks should keep their designated branches open for over the counter transactions related to government transactions upto the normal working hours on March 31,2020 for which separate instructions will be issued;
  • Transactions through RTGS will operate for extended time on March 31, 2020 for which separate instructions will be issued;
  • Transactions through NEFT will continue upto 2400 hrs as hitherto on March 29, 2020;
  • Special Clearing will be conducted for collection of government cheques on March 29, 2020 for which separate necessary instructions will be issued;
  • Regarding reporting of Central and State Government transaction to RBI, including uploading of GST / e-receipts luggage files, the reporting window on March 29 2020 will

ir be extended and kept on till 1200 hours on April 1, 2020;

In the light of above facts and as suggested by the Chief Lead District Manager, Punjab National Bank, Sector-17, Chandigarh, it has been decided that

  • All Bank Branches, Administrative Offices, Back Offices, shall be operational on 30th and 31st March, 2020 alongwith police personnel to maintain social distancing and managing crowd.
  • The branches engaged in Treasury Business, Currency Chest, Banks holding Import / Export business, Regional Collection centres for cheques clearing, Cash in Transit/Cash replenishment agencies / IT and engineering support vendors for bank(s) shall be operational on daily basis as already advised vide advisory dated 24-3 & 25-3-2020;
  • All ATM operations, BCs (banking correspondents) should be operational on daily basis as per advisory dated 27-03-2020;
  • BCs/CSPs (customer service point) are very vital to ensure that all the facilities reach the needy people, poor beneficiaries and crowding is avoided to ensure desired social distancing in Banks. They will require support too from Police / administration;
  • Enhanced Security around Banks / ATMs to ensure the staff is protected from instances arising out of crowding, delays and to maintain social distancing;
  • As the staff of Banks is also residing in the nearby district of Punjab and Haryana, these members should also be allowed to enter the city with duty orders and ID cards of the Banks;

After 31st March, 2020, the bank branches mentioned in order no.

F&PO/PEO/SOP/2020-Spl. 1 dated 24.3.2020; F&PO/PEO/SOP/2020-Spl.7 dated 25.3.2020 and

F&PO/PEO/SOP/2020/351 dated 27.3.2020 will operate. In addition, the bank branches of State Bank

of India situated in PGI Campus, Sector-12, Chandigarh and GMCH-32 will operate on alternate days on

full day basis.

No. F&PO/PEO/SOP/2020-^PI- <1

A copy is forwarded to the following for information and necessary action:-

The Regional Director, Reserve Bank of India, Chandigarh.

The Chief Lead District Manager (LDM), Punjab National Bank, 3rd Floor, PNB House, Bank Square Building, Sector-17/B, Chandigarh with the request to coordinate with the Deputy Commissioner, U.T., Ch&ndigarh for further necessary action  \\

Finance ahd’

For Finam

Chandigarh Administration.

No. F&PO/PEO/SOP/2020- ^ PL-

A copy is forwarded to the Senior Superintendent of Police (Law and Order), U.T., Chandigarh for information and necessary action.

  1. No. 12/1/2020-BO.II

Government of India
Ministry of Finance
Department of Financial Services

 

 

 

 

 

To,

  1. Managing Directors & Chief Executive Officers (MDs & CEOs) of all Public Sector Banks (PSBs)
  2. MDs & CEOs of Private Sector Banks
  3. Chairman, Indian Banks’ Association

Subject: Advisory regarding Functioning of Branches and Banking Correspondents despite Disruption on account of Corona Virus

Dear Sir/ Madam,

This is with reference to the lockdown which is in effect across the country on account of the Corona Virus (COVID-19) pandemic. The Department of Financial Services (DFS) has been monitoring the status of functioning of bank branches and banking correspondents from day to day. While banks have been committed to serve the people in these difficult times, which is laudable and commendable, it is observed that on 27.03.2020, a total of 10,304 branches of Public Sector Banks (PSBs) and 3,447 branches of Private Sector Banks could not function, owing to various restrictions / orders of different State Governments such as curfew, permission to open branches in clusters, etc. Similarly, 68,189 BCs of PSBs and 16,852 BCs of Private Sector Banks could not function. The bank-wise details are enclosed.

  1. In this regard, I have been directed to highlight that it is very crucial and critical to keep banking channels open and make sure that branches and BCs function throughout the lockdown period, so that people do not face any hassles or problems in their financial transactions. This is especially important in view of the Pradhan Mantri Garib Kalyan Package launched by the Government to ensure livelihood security of the poor and vulnerable, as a result of which the cash withdrawal requirements of many people would require to be met through branches and BCs. Therefore, it is requested that:
  2. All PSBs kindly take all necessary steps, in coordination with the local District/ State administrations to ensure that branches / BCs are able to remain open and function.
  3. A field level officer of the rank of GM or above be designated by all PSBs in each region/ zone/ circle, etc so that coordination with local administrations becomes easier and any outstanding issues are addressed at the earliest.
  • As regards private sector banks, IBA is requested to kindly monitor their branch and BC operations, so that the same function seamless1

 

Status of Bank Branches and BCs Open and Functioning on 2711‘ March

Branches

Name of Bank Total Branches Branches Open Branches Closed
Public Sector Banks
Bank of Baroda 9,479 7,542 1,937
State Bank of India 22,029 20,228 1,801
Punjab National Bank 6,618 5,616 1,002
Bank of India 5,089 4,158 931
Punjab and Sind Bank 1,525 867 658
Canara Bank 6,328 5,805 523
Allahabad Bank 3,171 2,658 513
Oriental Bank of Commerce 2,370 1,892 478
Central Bank of India 4,651 4,212 439
Union Bank of India 4,281 3,889 392
UCO Bank 3,086 2,722 364
United Bank of India 2,013 1,656 357
Indian Overseas Bank 3,270 2,939 331
Syndicate Bank 4,079 3,911 168
Indian Bank 2,850 2,692 158
Andhra Bank 2,874 2,756 118
Corporation Bank 2,437 2,347 90
Bank of Maharashtra 1,833 1,789 44
Total 87,983 77,679 10,304
Private Sector Banks
ICICI Bank 5,324 4,097 1,227
HDFC Bank 5,232 4,702 530
Induslnd Bank 1,878 1,379 499
Axis Bank 4,404 4,011 393
YES Bank 1,135 941 194
Kotak Mahindra Bank 1,585 1,406 179
IDBI Bank 1,893 1,792 101
Jammu and Kashmir Bank 965 883 82
RBL Bank 371 310 61
Federal Bank 1,249 1,192 57
DCB Bank 334 304 30
IDFC First Bank 460 433 27
Tamil Nadu Mercantile Bank 509 484 25
Catholic Syrian Bank 411 395 16
KarurVysya Bank 779 768 11
Dhanlaxmi Bank 246 242 4
Karnataka Bank 851 847 4
South Indian Bank 872 868 4
Lakshmi Vilas Bank 566 563 3
Bandhan Bank . _
Nainital Bank 141 141 0
1 Total 29,205 25,758 3,447
 

 

 

Name of Bank Total BCs BCs Open BCs Closed
Public Sector E Banks
State Bank of India 61,334 28,930 32,404
Bank of Baroda 18,110 6,865 11,245
Bank of India 7,591 3,043 4,548
Punjab National Bank 7,443 3,206 4,237
Canara Bank 6,447 3,453 2,994
Allahabad Bank 6,025 3,396 2,629
Central Bank of India 6,387 3,769 2,618
Union Bank of India 5,700 4,054 1,646
Indian Overseas Bank 2,795 1,336 1,459
United Bank of India 3,772 2,562 1,210
Andhra Bank 1,688 928 760
UCO Bank 3,568 2,830 738
Indian Bank 3,022 2,514 508
Oriental Bank of Commerce 1,270 818 452
Corporation Bank 754 411 343
Bank of Maharashtra 2,974 2,705 269
Syndicate Bank 2,705 2,576 129
Punjab and Sind Bank 353 353 0
Total 1,41,938 73,749 68,189
Private Sector Banks
IDFC First Bank 11,205 3,009 8,196
ICICI Bank 5,480 1,646 3,834
HDFC Bank 6,379 4,487 1,892
RBL Bank 1,295 0 1,295
Jammu and Kashmir Bank 985 215 770
Axis Bank 674 291 383
Equitas Small Finance Bank 242 45 197
KarurVysya Bank 133 30 103
Lakshmi Vilas Bank 109 32 77
Nainital Bank 57 6 51
Total 26,840 9,988 16,852
 

 

 

 

 

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Editor in Chief of City Darpan, national hindi news magazine.

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