'JK Bank to have 1000 business units by March 2013'
Mushtaq dedicates Park to Pulwama people,inaugurates branch, ATM at Kaprin
Srinagar, Nov 5: Ahead of Eid celebrations, J&K Bank dedicated Shaheed Park, developed and maintained by the Bank, to the people of Pulwama while a business unit and an ATM were also inaugurated in Kaprin, a prominent village in district Shopian.
Mushtaq Ahmad, Chairman & CEO, J&K Bank on the occasion while interacting with the public and customer gatherings at Kaprin and Pulwama urged the people “to bank only with the J&K Bank”.
He said: “Our share in priority sector lending is 68% despite the fact that our branch share in J&K is just 36%. More than two-third of our branches and ATMs are in J&K, our recruitment drives are state-specific which can be gauged by the recent recruitment, which happens to be the largest recruitment drive in bank’s history, in the sense that more than 1500 young and talented boys and girls, all belonging to the state of J&K were absorbed in the services of the Bank, development and maintenance of parks, financial assistance to patients, poor, handicapped and other vulnerable sections of the society, preservation and propagation of state’s art, culture and heritage, promotion of sports activities etc.
Reiterating that the Bank was on track to meet the targets of business worth Rs 1 lakh crore and a net profit of Rs 1000 crore by the end of March 2013, Chairman said, “While we are working hard to meet the set targets, I would like to take this opportunity to share with you that the Bank plans to have 1000 branches by March 2013, the year that marks our Platinum Jubilee Year.”
Referring to the recent development of Govt. of India’s decision to bring J&K Bank in the ambit of Interest Subvention Scheme, Chairman expressed hope that this will further help the Bank to serve the farming community by extending loans on soft terms and subsudized rates.
As a corporate social responsibility chairman announced gift of 25 computers and Rs.3 lacs for the purchase of books for the library for Kaprin Higher Secondary School, which was highly appreciated by the management of the higher secondary school and the people.
M.S Sood, DDC Shopian, who was guest of honour and in whose presence Chairman inaugurated the branch, ATM and a small park at Kaprin in his speech described J&K Bank’s contribution towards alleviation of poverty and unemployment as outstanding. “I congratulate J&K Bank for scaling heights of excellence and I thank them for having chosen unbanked areas for extension of its branch network”, Sood said.
Shafat Noor, DDC Pulwama, guest of honour on the occasion described J&K Bank as a role model both in terms of business approach as well as Corporate Social Responsibility.
Lastupdate on : Sat, 5 Nov 2011 21:30:00 Makkah time
Lastupdate on : Sat, 5 Nov 2011 18:30:00 GMT
Lastupdate on : Sun, 6 Nov 2011 00:00:00 IST
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