State Bank of India Chief General Manager of Andhra Pradesh and Telangana States C.R. Sasi Kumar on Saturday promised that the bank would take up CSR activities in the cyclone-affected North Andhra region.
Mr. Sasi Kumar, who distributed blankets, utensils and food packets to flood victims at Kunduvanipeta of Srikakulam mandal, said that the bank was setting up relief camps in Vizianagaram and Visakhapatnam too.
He said that they had been trying relentlessly to resume operations in all branches in the flood-affected areas. “We could reopen 65 branches of out of the 72 in Visakhapatnam alone. Our staff have been putting extra efforts to restore normalcy in other branches,” He said. “The SBI branches in Visakhapatnam will function on Sunday as customers could not take up transactions last week,” he said.
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Replying to a query, he said the bank might consider rescheduling of loans advanced to industries in case-to-case basis. “Many industries have incurred huge losses. They will apply for insurance claims. Only after damage is assessed, we will try to extend help at the time of distress,” he said.
Srikakulam Regional Manager D.Rajarama Mohana said that the bank would take steps to load extra cash in the ATMs in flood-hit areas.