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The Indian ‘backoffice’, on the front line

formyjob by formyjob
May 8, 2021
in Banking, Investing, Taxes
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The Indian ‘backoffice’, on the front line
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The worldwide back office is on the front line. Companies and banks depend on their workforce in India to power their global businesses. Now they fight to get vaccines and medical supplies for their employees, in the heat of the Covid wave.

Companies and banks depend on their workforce in the country to drive their global businesses.

Deutsche Bank has 13,000 people on the ground, its largest staff presence outside of Germany. It has created teams to help them take advantage of urgent medical assistance, according to an internal memo. Standard Chartered CFO Andy Halford said Thursday that more than 4% of its 20,000 employees were infected. Protecting people is a difficult task. Even the wealthy and well-connected in the country are struggling to find hospital beds for their loved ones. Many back-offices are far from New Delhi, the current epicenter of the crisis. But with the virus spreading across the country, they are now recipients as well as providers of aid.

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