A delegation comprising senior functionaries from prominent trade bodies and associations of Kashmir called upon the J&K Bank Chairman and Managing Director R K Chhibber here at Corporate Headquarters of the bank.
The visiting delegation consisted of representatives fromKashmir Chamber of Commerce & Industry, Kashmir Traders and ManufacturersFederation, Kashmir Economic Alliance, Kashmir Carpet ManufacturingAssociation, Kashmir Hotel And Restaurant Owners Federation, The Jammu &Kashmir Hoteliers Club, J&K Tourism Alliance, Associated Kashmir TourOperators, Kashmir Industries Association Rangreth, Kashmir Industrial Revival& Development Forum, Private Schools Association, PHD Chamber of Commerce& Industries Kashmir Chapter, Shahr e Khass Traders’ Association, KashmirChemists & Druggists Association, Artisan Rehabilitation Forum, IGCLassipora, Kashmir Youth Entrepreneurs Forum and J&K Hajj & UmrahAssociation.
The CMD, who was flanked by his senior management teamincluding Arun Gandotra (President CCB/CB, Credit), Chetan Paljore (PresidentCBO/TMO/IAPM), Ashraf Ali Malik(President Law & Chief CIV), Peer Masood Ahmad (Vice President CBO/TMO/IAPM), Manzoor Hussain (Vice President CCB, CB), Roshan Khayal (Vice PresidentLaw) besides Special Secretary to CMD Karanjit Singh, extended a warm welcometo the delegation. He assured all the functionaries of trade bodies that theBank remained committed to extend all possible support for the businesses, bettermentof the business community and the economy of the region at large. Heappreciated and underlined the profound importance of the bond the bank shareswith the people of the region.
Present on the occasion, President KCCI Sheikh Aashiq alsohighlighted the importance and the interdependence of business community andJ&K Bank. He gave a detailed overview of the various problems faced by thebusiness community and requested the bank’s leadership to come forward and helpthe business community to overcome the distressing situation they are besetwith.
Other members of the delegation also spoke on the occasion.The issues and problems faced by the almost all the traders, businessmen andcommercial bodies were discussed at length during the meeting. They alsorequested bank to take up with RBI the request already forwarded to themthrough UTLBC for modifications on the rehabilitation package.
After listening patiently to the issues and concerns raisedby the members of the delegation, the CMD reiterated that the management of thebank was committed to redress all the issues/problems faced by the businesscommunity and will make every effort to support them within the regulatoryframework of bank’s operations. He recalled the role played by the bank as theconvener of UTLBC presided over by Chief Secretary B.V.R. Subrahmanyam whereinthe regulating authorities were requested to extend the package benefits to thelarge borrowers also besides consideration of all standard accounts in thepackage, adding that the same request has been voiced again by the J&KGovernment recently. The Chairman also highlighted the role played by LtGovernor Girish Chandra Murmu in conveying the concerns of the business andeconomy to the regulator.
Speaking about the bank’s financial health, R K Chhibbersaid, “The bank is showing growth of around 15% both on liability as well as onasset side. Such sustainable growth is possible only with full support of thecommunities we are closely working with. At the same time it also signifiesbanks commitment towards the development / betterment of business community”,adding that the bank remains committed to the economic development of the UT.
Regarding some operational issues raised by the members ofdelegation, the CMD issued directions to all the operative levels to facilitateand provide all the necessary support to business community.
The delegation thanked theCMD and his team for hearing them out and assurance of support.