Increase banking outreach in far-flung areas: Governor to J&K Bank chairman

Chairman and CEO of J&K Bank, Parvez Ahmad, called on Governor Satya Pal Malik at the Raj Bhawan here on Friday. 

According to an official spokesperson, the chairman informed the governor about the steps taken by the bank for socio economic development of the state by improving the credit penetration in the productive sectors of economy.


An ambitious expansion plan, he added, has been drawn by the bank to take banking to the doorstep of people in all the regions of the state besides increasing the banking infrastructure and promotion of digital economy.

He informed that a pilot project in this direction for opening of 35 Ultra Small Branches is in advanced stage of completion to link all the 111 villages of Leh district with formal banking system besides creating employment for the local educated youths.

Governor, according the spokesperson, advised the chairman to fast track the operationalisation of the Leh Ultra Small Banking project besides rolling out the initiative in all the regions of the state so that people can conveniently avail banking facilities in their respective areas.

He urged for creating the employment opportunities for the educated unemployed youth in the state. Governor directed that the process should be initiated immediately and completed in a transparent and time bound manner.

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