News > Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown

Coronavirus lockdown: Indian banks plan to shut down most branches during lockdown

India's central bank and major lenders are considering shutting down most branches across the country to prevent tens of thousands of employees from getting infected with the coronavirus,  four sources familiar with the plan told Reuters. In the countryside, where 70 per cent of people live and often rely only on cash, banks will likely operate on alternate days and redeploy staff to only allow disbursal of welfare cash to the poor, one of the sources said.