Bank Officers Ask IBA To Issue Uniform Safety Guidelines On Covid
Money & Banking
The All-India Nationalised Banks Officers’ Federation (AINBOF) has urged the Indian Banks’ Association (IBA) to issue uniform guidelines for the safety and welfare of employees of public sector banks in view of the pandemic.
In a letter to the IBA, GV Manimaran, General Secretary of AINBOF, said the bankers are ‘financial warriors’ of the nation. They are also infected by Covid-19 and the number of cases is increasing every day.
Seeking uniform guidelines from the IBA for the safety and welfare of employees, the AINBOF letter suggested the payment of ₹50 lakh as compensation to the legal heirs in case of death of any employee till December 31, while in service, due to Covid-19 infection.
Stating that the guidelines issued by the individual banks are not uniform and consistent, Manimaran said in the letter that State Bank of India has announced a payment of ₹20 lakh as compensation to bank employees in the event of death/disability/serious injury while on duty, and Bank of Baroda has announced ₹50 lakh Covid ex-gratia to its employees.
He also suggested that the banks make arrangements with reputed hospitals at select cities and towns for undertaking Covid-19 testing of officers and employees, and providing isolation wards for those affected by Covid-19 and their family members.
He said SBI has entered into an arrangement with reputed hospitals in major cities for providing ‘isolation rooms’ for use by its staff and their family members in case of being infected by the virus. The bank has also announced 100 per cent reimbursement of such expenses.
The AINBOF urged the IBA to issue guidelines asking banks to bear the entire hospitalisation expenses of infected employees and their family members, including the cost of PPE kits.
The IBA should issue guidelines with regard to persons with disabilities, employees at higher health risk (including pregnant employees), and employees aged above 55 years with acute health issues, exempting them from attending duties till normalcy resumes, he added.
Published on
June 15, 2020
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism
The All-India Nationalised Banks Officers’ Federation (AINBOF) has urged the Indian Banks’ Association (IBA) to issue uniform guidelines for the safety and welfare of employees of public sector banks in view of the pandemic.
In a letter to the IBA, GV Manimaran, General Secretary of AINBOF, said the bankers are ‘financial warriors’ of the nation. They are also infected by Covid-19 and the number of cases is increasing every day.
Seeking uniform guidelines from the IBA for the safety and welfare of employees, the AINBOF letter suggested the payment of ₹50 lakh as compensation to the legal heirs in case of death of any employee till December 31, while in service, due to Covid-19 infection.
Stating that the guidelines issued by the individual banks are not uniform and consistent, Manimaran said in the letter that State Bank of India has announced a payment of ₹20 lakh as compensation to bank employees in the event of death/disability/serious injury while on duty, and Bank of Baroda has announced ₹50 lakh Covid ex-gratia to its employees.
He also suggested that the banks make arrangements with reputed hospitals at select cities and towns for undertaking Covid-19 testing of officers and employees, and providing isolation wards for those affected by Covid-19 and their family members.
He said SBI has entered into an arrangement with reputed hospitals in major cities for providing ‘isolation rooms’ for use by its staff and their family members in case of being infected by the virus. The bank has also announced 100 per cent reimbursement of such expenses.
The AINBOF urged the IBA to issue guidelines asking banks to bear the entire hospitalisation expenses of infected employees and their family members, including the cost of PPE kits.
The IBA should issue guidelines with regard to persons with disabilities, employees at higher health risk (including pregnant employees), and employees aged above 55 years with acute health issues, exempting them from attending duties till normalcy resumes, he added.
Published on
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more
USAA Names Rob Arena President Of Life Insurance Company
Sep 30 2025 SAN ANTONIO – September 30, 2025 – USAA has appointed Rob Arena as Preside... Read more
USAA Prepares Financial Assistance To Serve Members Impacted By Potential Government Shutdown
No-interest loan and payment relief options among the benefits that eligible members can access Read more
USAA, NFL Extend Long-standing Partnership
USAA to continue providing exceptional Salute to Service NFL experiences to the military community Read more
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more