.........Like every other sphere of activity, banks also suffered in militancy. It was during the initial days of militancy when banks ceased functioning totally. In panic, banks like Andhra Bank, the State Bank of Patiala and Indian Bank stopped their operations, closed branches, fled and resumed work in Jammu. Even the Reserve Bank of India (RBI) and the NABARD closed down their offices in Srinagar and started their operations from Jammu. Others with a huge network shifted branches from “dangerous” to “safer zones” with some of their premises converted into mini-garrisons..............
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