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Five-Day Banking Week Could Cut Branch Costs, But Will Banks Actually Save Big?

Five-Day Banking Week Could Cut Branch Costs, But Will Banks Actually Save Big?
Photo: Free Press Journal · view original

Mumbai: A proposed five-day banking week could help banks trim some branch operating expenses, but the overall financial savings may remain limited as employee costs and other fixed expenses would largely continue. The Indian Banks’ Association (IBA) has constituted a high-level committee with ba...

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