Governor for appropriate steps to improve working of J&K Bank -
Governor for appropriate steps to improve working of J&K Bank
Posted 25 Oct 2019 12:03 PM

Source: Kashmir Life

Administrator and Managing Director, Jammu and Kashmir Bank Ltd, R.K. Chhibber today approached the Governor, Satya Pal Malik at the Raj Bhavan and held nitty-gritty consultations on the general strength of the bank.

Chhibber advised the Governor about different activities taken by the Bank to further invigorate its working opposite improving client administrations and safeguarding their budgetary advantages. He likewise talked long on the open observation that has been made in certain circles in regards to the merger of the J&K Bank and educated that the essentials regarding the Bank are extremely solid and there is no such move mulled over sooner rather than later.

The Chairman educated that the ongoing emergency regarding the Punjab and Maharashtra Cooperative (PMC) Bank in the nation has stressed bank clients all in all, yet the bits of gossip about J&K Bank's merger is absolutely unwarranted and off base. He guaranteed every single regarded partner that the bank is working securely in the hands of the in excess of 12000 in number J&K Bank family under the supervision and direction of an expert Board of Directors and a hearty responsibility system set up for guaranteeing straightforwardness and proficiency.

He said that the J&K Bank has a piece of the pie of over 65% in the State and in excess of 12 million record-holders from 2,000,000 family units and an absolute business around Rs 1.65 lakh crores.

He further explained that not many of the huge advances, made a few years prior that have turned Non Performing Assets (NPAs) and are being explored; have been satisfactorily accommodated by the bank and will have no effect on the productivity of the bank.

The Governor valued the undertakings of the J&K Bank for advancing its standard development and improvement of the State. He valued the means taken by the administration during the past certain months for further streamlining its working, for example, the reconstitution of BoDs with noticeable experts. He trusted that the organization will further thrive and satisfy the yearnings of its clients.

The Governor saw that the J&K Bank has a rich history of serving the individuals, contributing tremendously to the improvement of negligible areas of the general public and producing business open doors for poor people. He encouraged the Chairman for proceeding with his undertakings for the development of the bank and boosting the certainty of its clients in this period of rivalry. He guaranteed all help from the Government for the general development of the Bank.

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