THE State Bank of India (SBI) has made 63 out of their 67 branches fully functional in Kashmir Valley, media reports. The SBI have also pressed seven mobile ATMs into service in areas of Srinagar city which have been severely flood-affected.
Banking operations at 67 branches of SBI in Kashmir were paralysed following the floods in Jammu and Kashmir. With a total business of Rs 3,000 crore, SBI has a total of 67 branches and 218 ATMs in the valley.
According to SBI’s deputy general manager (DGM), banking and operations, Arvind Priya the SBI has made 132 ATMs operational in the valley.
The SBI’s technical teams had worked continuously with local staff in the past few days to restore fully normalcy in banking operations in the valley.
SBI’s press released states that four branches, namely Badshah Chowk, Badami Bagh, Jawahar Nagar and Rajbagh in Srinagar city are in severely inundated areas, which have suffered extensive damage to equipment and shall take some more time to be made operational. Customers of these branches can avail banking facility from nearby branches of our bank for the time being.
The SBI will soon launch rehabilitation and restructuring scheme for its affected customers to help them rehabilitate their business quickly.