Jammu Chamber of Commerce and Industry (JCCI), the premier traders body in the Jammu division, has asked Governor Satya Pal Malik to desist from ‘politicising’ J&K Bank.
Regretting SAC decision turning J&K Bank into public sector undertaking (PSU), JCCI president Rakesh Gupta said, “The bank is property of people and traders of the state and the chamber advises all those who are trying to make it a PSU should desist from such attempts.”
However, he added that the chamber strongly advocates and believes in transparency of any institution and feels that the J&K Bank is totally transparent and open for any inspection or information being governed by the Reserve Bank of India.
“All the PSUs which have been created in last three four decades have proven to be utter disasters so far as development and employment generation is concerned, not to speak of revenue generation,” he said and adding, “Contrary J&K Bank emerged as backbone of state’s economy and become largest institution of the state.”
“J&K Bank is not only backbone of our economy but also helping the jobless, financing the entrepreneurs. It also as a part of corporate social responsibility helping all those in the need of hour, the flood relief given in crores to the Government of Kerala is a glaring recent example,” Gupta added.
He added similar attempts to politicize the Shri Mata Vaishno Devi Shrine board have been made often but the chamber strongly believes that such institutions should be handled by the professionals and not politicians.