It was a double whammy for us as we were under severe pressure from the management to handle the volatile situation with patience and serve the customers with limited staff and resources, Karnataka Banks industrial finance branch manager, Sadananda Kumar, told IANS.But it took a heavy toll of the banking employees, especially women and officers, as they had to work for 12-18 hours a day initially without even a weekly off, leave or holiday.
While the jury is still out on the pros and cons of the note ban, we were caught between the government and the people, as we had no answers for their questions or sufficient cash to exchange or meet their demand, said a state-run bank regional manager who did not want to be named.Receiving or exchanging banned notes was also tough, as hundreds of ordinary people with no bank account also queued up with our customers.(Fakir Balaji can be reached at emailprotected.By Fakir rhinestone mixed embroidery machines ManufacturersBalajiBengaluru, Oct 26 (IANS).
Theres one sector which gained more than any other from the centres demonetisation move the banks. The dramatic nationwide announcement on November 8 by Prime Minister Narendra Modi and the secrecy of the move meant the banks turned into battle zones between employees and thousands of customers who became agitated as time went by to exchange or deposit their banned notes.