State Bank of India (SBI), the largest public sector bank in India, has made 63 out of their 67 branches fully functional in Kashmir Valley, despite the extensive damage due to unprecedented floods earlier this month. A total of 132 ATMs in the valley are operating normally and customers are drawing their cash from these ATMs. SBI has also deployed seven mobile ATMs in still inaccessible points of Srinagar and these are serving a large population.

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 the Bank for the time being.

Arvind Priya, SBI deputy general manager, banking and operations said, ''The Bank will soon launch rehabilitation and restructuring scheme for its affected customers to help them rehabilitate their business quickly.''

Shares of the bank declined Rs 5.15, or 0.21%, to settle at Rs 2,442.35. The total volume of shares traded was 299,012 at the BSE (Tuesday).