FinMin asks state-run banks, insurers to postpone staff promotions

The time of the covid-19 with the effect of the second wave is creating a havoc impact in the market but on the other side of the coin, in every moment the officials and the responsibility of the economy is trying our level best to bring the situation in normal by bringing best possible changes and the modulations in the economy up-gradation as per the minute to minute situation during the time of this deadly virus spreading here and

In the recent updates, it has been announced by the department of the Financial services that the events and the trying of the promoting and transferring of the staff have been postponed for the safety of everyone which can be done later onwards. There have been cases reported for the staffs of the insurance companies and that of the banks who are posted in the positions to help the people availing personal loans, home loans and different other services as well. This is the reason that that decision has been taken.

According to the micro containment zones which have been announced to take necessary precautions to curb out the virus is prioritized. The employees who are there in the front office dealing with the day to day dealing of the documents where physical document s from the customer for the requirement of the home loan documents or the gold loan documents are submitted must take proper care in sanitizing the hands and the other precautions so that the safety remains the priority.

To help the people the time to time variations in the home loan interest rate as well the changes in the rates of the other services are helping people and the economy to move slowly towards the new normal. many of the banks and the NBFCs have already done their part and the leftover are now postponing due to the covid 19 situation.

To have a good flow between the demand and the supply it has been seen that the Emi calculators are being added with different kinds of links and information to help the customers and the applicants to have a self-help guide like in that of the home loan EMI calculator and others.


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