Government Directs Banks To Restore Banking Services In Flood Affected Areas

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Government have directed all the banks to restore banking services in flood affected areas as early as possible and provide ATM and other services to the people round the clock.

They have been requested to provide mobile ATMs/POS Machine services mounted on boat or other means. Banks have been asked to ensure replenishment of cash in all the ATMs.

Cheenai Rains: Government Directs Banks To Restore Banking Services

The banks have been asked to ensure that no banking operation is affected on account of lost/damaged pass book. The banks are also been advised to issue duplicate passbooks where required at the earliest.

In the State of Tamil Nadu, 8849 branches (92%) out of 9653 branches of Scheduled Commercial Banks (SCBs) are functional. 16556 ATMs (90%) out of 18430 ATMs are functional. 804 bank branches and 1874 ATMs are not functional due to unprecedented rain and consequential glitches. 

In Chennai city, 1317 branches (88%) out of 1509 bank branches are functional. 2818 ATMs (68%) out of 4172 ATMs are functional. 192 bank branches and 1354 ATMs are not functional due to damages/connectivity issues/still submerged. 

Department of Financial Services (DFS), Ministry of Finance, Government of India is closely monitoring the situation through SLBC, Tamil Nadu and banks.

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