Hi frnds..
CoVid-19..Uhhh..! something which is irritating every section of the society. Life seemed be more happier during the days we worked actually instead of sitting in the home and gaining belly.
Jokes apart, Hope this unexpected quarantine turns fruitful for a few atleast.
Into topic,
Most countries of World are facing a third world war of sorts, not against each other, but against one enemy called COVID 19 pandemic. On March 25th Government of India has announced a strict and preventive lockdown across the country applicable for one and all, which was extended twice.
During this Pandemic, the Healthcare sector, Sanitation sector as well as Law and order sector including Policemen and other Para services are working day and night to control the spread of this evil. We salute their services wholeheartedly. and we thank them for safeguarding us. In this process we are forgetting a sector which is balancing the economic situation round the nation with utmost discipline. Yes..The banking sector - The most underrated sector.
In this tough situations Banks across India are working at almost full strength to ensure availability of essential banking services for their customers. All the bank staff is performing their duties diligently, by accepting it as a social responsibility and fully supporting the system and guidelines of the Government. Banks are rendering their services even in the metro cities which have more susceptibility of exposure to this deathly virus. Customers have been contacted, made aware of the grave situation, and updated about the change in timings of the banking hours. They have been informed that they need to physically visit the Bank only for essential and important work. Banks have gone one step ahead and proactively put special task teams in place to make courtesy calls to all their customers and requesting them to follow the Government authority’s guidelines and requesting them to stay home and stay safe.
Even during this critical phase, all the essential banking services have be in place and the Banks are gearing up to support the real demand for funds to aid smooth economic recovery. During all this, a few bankers have even suffered the danger of exposure and infection and lost their lives as well. Yet this has not broken the spirit of the banking fraternity and all the bankers have displayed extraordinary courage, and continued to serve the customers and deliver invaluable contribution to the society. This sector has also made donations in handsome amounts for extending assistance to the unfortunately infected and to provide the required medical supplies.
COVID 19 will have many implications in shaping our economic and financial behavior in the the coming period. The Ministry of Finance and RBI have announced various measures to mitigate the hardship of individuals, business entities and industrialists. The Government began its economy rescue in right earnest with Rs. 1.70 lakh crore coronavirus counter. The Reserve Bank of India has joined the big fight with announcing a host of measures aimed at minimizing the damage from Covid-19 by reducing rates.
All sectors and industries would witness drastic changes in the business figure, which will create direct impact on the banking industry. At the moment in the present situation, the it is only the Banks which are catering to all the population irrespective of region, without consideration about generation of profit and break-even point, which in itself would be a huge challenge for this financial year. The most significant change will be acceleration to digital channels for all transactions and day to day businesses. The present format of economy will move towards cashless economy, which would in turn bring about a positive and hopeful change in the economic status of all the strata of service providers like the Doctors, Nurses, Health workers, Social workers providing food, the Policemen, Sweepers and cleaners whose contribution in this hour of danger and dire need have no words of acknowledgement! The country will remember their contribution for all the years to come…
The Banking staff are working like true warriors, serving the nation by knowing well, their life is at risk. Although the Banks have reduced their working staff strength amidst this pandemic and a lockdown situation prevails, all the financial transactions are being carried out by the Banks without any trouble, hiccups or obstacles or error. The Banks are abiding to all the required precautionary measures- social distancing and continuing their service to the nation and its community.
“WE SALUTE OUR WARRIORS BANKERS”.
Harish Sai Manikanta
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