The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector
It has said that in the absence of specific instructions about lunch hours, there is possibility of customer complaints if the staff takes a break.
AIBEA general secretary C H Venkatachalam alleged the merger of public sector banks would mean closure of six banks
Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed
Of these, 9 banks have already submited report to the Department of Financial Services, an official said