Covid-19: Bankers in India are more productive working from home

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India has begun reopening from the lockdown imposed on March 24 even as the country has the fourth-highest number of infections in the world. (Reuters)Work from home may remain part of the norm for many in India’s financial industry beyond the end of the world’s biggest lockdown. The reason: elimination of lengthy commutes in the past three months has boosted employee productivity.Take Jefferies’ India team for example. On average, its 60 members have managed to save over an hour every day on commute and 70% of them have seen higher productivity, according to a note from the brokerage, drawing on a survey of its staff.Related NewsAs banks and asset managers around the world try to figure out how they’ll manage their offices after the coronavirus pandemic, many in Mumbai — India’s finance hub — see the opportunity for permanent change in how they work.The average commute time on the city’s major routes is over an hour, more than twice the averages of Singapore, Hong Kong and New York, according to a study by the IDFC Institute, a public policy think-tank.Neil Parikh, chief executive officer of Parag Parikh Financial Advisory Services, like many others is finding …

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