Banks look for dry ground as flood situation turns grave

Banks look for dry ground as flood situation turns grave
Some banks issued circulars asking branches, ATMs to move to higher ground.
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Thiruvananthapuram: The flood situation caused by the incessant rain and the opening of the Idukki-Cheruthoni dam shutters is affecting the functioning of banks too.

Banks look for dry ground as flood situation turns grave
Periyar River in spate after Cheruthoni dam shutters opened

The inundation of low-lying areas has forced banks functioning out of ground floors and ATMS to shut shop, at least for now. Some banks issued circulars asking branches to move to higher ground.

Banks look for dry ground as flood situation turns grave
All five shutters of the Chreruthoni dam in Idukki have been opened

Read: All shutters of Idukki dam opened

Banks instructed branches to move cash and valuables to the nearest available currency chests in case of an emergency. (Currency chests are designated cash storage locations of banks. These are set up as per RBI norms).

Rain fury
NDRF personnel engaged in rescue operations.

If the staff were not able to do this in time, the cash should be moved to upper racks, the circular said. Valuables in banks, including gold, should be kept in plastic wraps, it added.

Rain fury
Rain caused widespread damage in several areas in Kerala

Several Kerala districts have been receiving heavy rain since Tuesday, claiming at least 27 lives and causing widespread damage. As heavy rain continued to lash various parts of the southern state, all five shutters of the Cheruthoni dam, part of the Idukki reservoir, were opened Friday releasing 7 lakh litres of water per second.

Rain fury
Several low-lying areas were flooded

Earlier, union home minister Rajnath Singh told the Lok Sabha during Zero Hour that the central government was aware of the crisis in Kerala and it was ready to provide any assistance needed by the state.

The Army is engaged in rescue operations in Idukki, Wayanad, Kozhikode and Malappuram districts.

Read more: Latest Kerala news

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