456 of 739 bank branches working in Kashmir: RBI

The Reserve Bank on Tuesday said that 456 bank branches out of a total 739 and 377 ATMs out a total 896 were operational as on date in flood-ravaged Kashmir, which is limping back to normal. RBI Assistant General Manager (AGM) Ravinder Kaul informed that the situation in Jammu and Ladakh was practically normal. An urgent meeting of the controllers of banks, having substantial presence in the state of Jammu & Kashmir, was convened by the RBI at Jammu on Tuesday to discuss and assess the impact of the devastating floods in the state, particularly in the Kashmir valley.

The talks focused on how quickly the situation could be improved so that the affected people get access to basic banking services at the earliest. In the Kashmir division, out of 739 branches of these banks, 456 were functional and 377 ATMs out of a total of 896, were operational.