541 delivery points restored; Rs 107 cr withdrawn: J&K Bank

Jammu and Kashmir Bank has almost put its entire banking operations back on track in the flood-hit Kashmir valley, where its customers withdrew Rs 107 crores after services are restored yesterday.
"Kashmir Bank, a major banking player in J&K state, has almost put its entire banking operations back on track in the Kashmir valley, where customers withdrew Rs 107 crore till now," a JK Bank spokesman said.
The bank, despite connectivity constraints, has restored functioning of its 338 business units out of 379 business units (BUs) located in the Kashmir valley, he said.
Besides, 203 delivery points in the shape of automated teller machines (ATMs) have been made functional across the valley. Notably, the bank has a strong network of 473 ATMs in Kashmir alone, he said.

Customers across the valley have withdrawn almost Rs 95 crores from these Bank branches and an amount of almost Rs 12 crores stands disbursed through these operational ATMs across the valley, he said.
Pertinently, the business units (BUs) made functional in the valley post flood situation include BUs which are physically non-functional for being damaged or submerged in flood, but has been made functional from some other location.

Customers of BUs, which are not yet functional, have been allowed transactions in their accounts and availing other banking services from any functional BU of the bank. The bank has waived charges on such transactions.

Meanwhile, the bank in association with Bajaj Allianz General Insurance Company has opened counters at all its branches where customers can register their insurance claim by providing policy details etc.
Bajaj Allianz has ALSO opened help desk counters at four places, namely, Rawalpora, Barzulla, near fire services headquarters and Nallamar Road, Srinagar.