1. Chennai floods: Banks open on Sunday; Govt asks for mobile ATMs if necessary

Chennai floods: Banks open on Sunday; Govt asks for mobile ATMs if necessary

Chennai floods: Reserve Bank of India (RBI) said it would remain open to support bank transactions and help supply cash to local lenders.

By: | Mumbai | Published: December 6, 2015 9:00 AM
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Chennai floods: Banks will work on Sunday to aid residents left without food, power and access to money in the flood-hit southern city of Chennai and surrounding areas. (In photo: A man moves to his house after collecting relief meterials in Velachery, one of the worst flood-hit areas in Chennai; PTI photo)

Chennai floods: Banks will work on Sunday to aid residents left without food, power and access to money in the flood-hit southern city of Chennai and surrounding areas, as cash dispensers have been emptied or lost power due to electricity outtages.

India’s fourth largest city, Chennai, was swamped by torrential rains – the heaviest in a century – during the past five days, and the government has asked banks to restore basic services and supply cash machines as swiftly as possible, replenishing cash by boat or providing mobile ATMs if necessary.

In a statement late on Saturday, the Reserve Bank of India (RBI) said it would remain open to support bank transactions and help supply cash to local lenders.

About 280 people have died across Tamil Nadu state since it was hit by torrential rains on December 1 that left large sections of capital Chennai under up to eight feet (2.5 metres) of water, and trapped people on rooftops with no communication.

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