<p>Jammu and Kashmir Bank on Saturday said the RBI has permitted lenders to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the union territory of J&K.</p>.<p>"The Reserve Bank of India (RBI) has allowed the banks to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the UT of J&K as per master directions on relief measures by the banks in areas affected by natural calamities," Jammu and Kashmir Bank said in a filing to the BSE.</p>.<p>The bank, it said, has accordingly initiated the process to implement rehabilitation package to its borrowers.</p>.<p>"This is in continuation to our letter...dated 5th November, 2019 regarding seeking a special dispensation addressing the issue of temporary asset impairment due to prevailing situation in J&K since August 5, 2019 from the RBI," the filing said.</p>.<p>On August 5, the Centre had abrogated Article 370 provisions that gave special status to J&K and bifurcated the erstwhile state into union territories of Jammu and Kashmir, and Ladakh.</p>
<p>Jammu and Kashmir Bank on Saturday said the RBI has permitted lenders to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the union territory of J&K.</p>.<p>"The Reserve Bank of India (RBI) has allowed the banks to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the UT of J&K as per master directions on relief measures by the banks in areas affected by natural calamities," Jammu and Kashmir Bank said in a filing to the BSE.</p>.<p>The bank, it said, has accordingly initiated the process to implement rehabilitation package to its borrowers.</p>.<p>"This is in continuation to our letter...dated 5th November, 2019 regarding seeking a special dispensation addressing the issue of temporary asset impairment due to prevailing situation in J&K since August 5, 2019 from the RBI," the filing said.</p>.<p>On August 5, the Centre had abrogated Article 370 provisions that gave special status to J&K and bifurcated the erstwhile state into union territories of Jammu and Kashmir, and Ladakh.</p>