J&K Bank to provide all support for sustainability of economic activities

Jammu and Kashmir Bank Chairman Parvez Ahmed has said that bank will provide all support required for encouragement and sustainability of economic activities.


SRINAGAR: Jammu and Kashmir Bank Chairman Parvez Ahmed has said that bank will provide all support required for encouragement and sustainability of economic activities.

Addressing delegations from various trade bodies that called on him at Corporate Headquarters, the Chairman and CEO of the bank said, "we are here only as custodians of trust and loyalties that you have placed in this institution but you are its permanent stakeholders. And in order to keep this institution healthy and vibrant, we shall always welcome your criticism as well as appreciation", the Chairman said, adding "customer service remains our top priority and there will be no compromise on this".

Besides appreciating the role of J&K Bank in the growth and development of the State all the delegations raised various issues which were promptly responded to by the Chairman and his senior management team.

Regarding the common concern of deferment in loan repayments, raised during all the meetings, Chairman informed the delegations that the bank has already proposed the re-structuring of loan accounts to Reserve Bank of India and is awaiting response from them.

Responding to one of the issues related to horticulture and agriculture, he said, "horticulture/agriculture contributes around 25 pc to the State GDP and we will definitely work to expand our financial foot-print in the much needed infra-structure in this sector which includes grading parks, agri-clinics, testing labs and CA stores".

While responding to the query of staff shortage at various business units of the bank, the Chairman assured that the recruitment list that is expected to come out very soon will address the issue.

Interacting with the delegation of entrepreneurs, Chairman assured that the bank will provide them all the support required for their encouragement and sustainability. He directed the concerned heads to close gaps, if any, in the implementation of schemes related to the budding entrepreneurs down the line.

The delegation of Houseboat Owners Association was informed that the NOCs for all their adjusted accounts will be issued after a fortnight. The meetings were attended by Executive Presidents S S Sehgal, Abdul Rauf Bhat, Senior Presidents Abdul Rashid, M Syed Wani, S K Bhat, Vice Presidents Arun Gandotra, Sushil Kumar, Manzoor Hussain, Tabassum Nazir and Manzoor Ahmad Rather.

The delegations included Kashmir Traders and Manufacturers Federation (KTMF) led by its President Bashir Ahmed Rather, Kashmir Valley Fruit Growers & Dealers Union headed by its Chairman Bashir Ahmad Basheer, Kashmir Houseboat Owners Association led by its Chairman Ghulam rasool Siah and J&K Entrepreneurs Development Association led by its president Shakeel Ahmad Magray.

A delegation of Humanity Welfare Organisation, comprising mostly of physically challenged persons, led by its President Javed Tak also called on Chairman and apprised him of various hardships that physically challenged persons undergo generally and while availing banking services particularly.

Responding to the pleas of delegation, Chairman gave on-spot directions to the concerned for construction of a ramp and special toilet to facilitate an easy access to the physically challenged at the corporate office in the beginning.

He also assured the delegation about creating disabled-friendly facilities at some business units in near future besides looking into the reservation for employment based on requisite talent. He promised the delegation of complete possible support within the regulatory framework.