J&K Bank donates Rs 5 cr to Relief Fund

Chairman and MD J&K Bank, RK Chibber, today presented a cheque of Rs 5 crores to the Lieutenant Governor Girish Chandra Murmu as a contribution to J&K Relief Fund towards the efforts being undertaken to mitigate the spread of COVID-19.

BVR Subrahmanyam, Chief Secretary; Arun Kumar Mehta,Financial Commissioner, Finance Department; Bipul Pathak, Principal Secretaryto Lieutenant Governor and Sunit Kumar, Vice President, Zonal Head, J&K Bankwere present on the occasion.

   

The Lt Governor asked the CMD of the Bank to release theover draft to the Jan Dhan account holders as per the Financial Packageannounced by the Prime Minister and implement the RBI guidelines regardingthree-month long moratorium on the payment of installments of term loans. Hefurther asked him to enhance the working capital limit of the bank by 10%.

The Lt Governor asked the CMD to formulate an effectivestrategy to deal with the emerging situation and take proactive measures tosensitize the masses about various Government schemes and relief packagesthrough awareness programmes, especially in view of the COVID-19 threat.

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