After militant attacks, J&K Bank stops cash deals in 40 branches

In the last six months, there have been 13 attacks on banks and Rs 92 lakh cash looted — four incidents have taken place in four days this month.

Written by Mir Ehsan | Srinagar | Published:May 6, 2017 5:33 am
kashmir unrest, kashmir crisis, kashmir problem, india-pakistan-kashmir, kashmir militants, shopian ambush, bank robbery, bank loot, cash deals, cash deals stopped, jammu and kashmir bank, pulwama, india news, indian express On May 1, militants shot dead five policemen and two security guards. These attacks prompted police to issue an advisory to banks, especially J&K Bank, to stop cash transactions at branches in districts that have witnessed militant attacks. (Express Photo)

With bank robberies on the rise and south Kashmir in turmoil, the J&K Bank has decided to stop cash transactions at 40 of its branches, the majority located in the districts of Pulwama and Shopian.

In the last six months, there have been 13 attacks on banks and Rs 92 lakh cash looted — four incidents have taken place in four days this month.

On May 1, militants shot dead five policemen and two security guards. These attacks prompted police to issue an advisory to banks, especially J&K Bank, to stop cash transactions at branches in districts that have witnessed militant attacks.

Sajjad Bazaz, Corporate & Communications Head, J&K Bank, told The Indian Express: “The bank has stopped cash transactions at 40 branches after this police advisory. The branches are located in Pulwama and Shopian districts.”

Bazaz said cash transactions have been shifted to “safer branches” while all other banking facilities will remain functional.

“We will be delivering cash to the nearest branches that have been declared safe after a survey. Only cash will not be available at these 40 branches. Account holders can go to the nearest branch for cash,” he said.

Police have blamed militants for these bank robberies, saying they are facing a cash crunch. But the Hizbul Mujahideen said it had sufficient money.

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  1. K
    Kamal Pasha
    May 6, 2017 at 11:42 am
    The unrest in Kashmir and other states have damage the re tion of Modi and all Hindutva parties. Feku do not have anything else to to fool the public except big big bhashans and lies.
    Reply
    1. C
      Chandu Shah
      May 6, 2017 at 5:56 pm
      What pappu got to offer. Nothing whatsoever
      Reply
    2. I
      Indian First
      May 6, 2017 at 11:07 am
      What about the martyred now SC? will you file FIR against the cops and Army when they shoot these PI &? will you ever give a free hand to Army and Cops? Are you still sleeping or someone paid you? What are you afraid of SC? We are losing faith in you SC, its because of you that we are kind angry with the Center too. Its late but never too late, allow free hand and no questions asked for encounter militant kil s.
      Reply
      1. M
        MyTake
        May 6, 2017 at 10:27 am
        Good opportunity to invite cashless transactions. More the trouble the better.
        Reply
        1. R
          romi
          May 6, 2017 at 9:21 am
          good now let them go & loot the Abdullah's who have made crores as congress puppets
          Reply