Saturday, 01 October 2022

 

 

LATEST NEWS Narendra Modi lays foundation stone and dedicates various projects worth more than ₹3400 crores at Surat Rattan Group of Institutions organized Farewell Party for Professional Education students Narendra Modi inaugurates and lays foundation stone of projects worth over ₹5200 crores in Bhavnagar Game badlega, kyunki BIGG BOSS ab khud khelega Narendra Modi declares 36th National Games open in Ahmedabad Narendra Modi participates in Navratri Festival celebrations in Ahmedabad Raksha Mantri Rajnath Singh visits forward areas of 3 Corps in Arunachal Pradesh Top 5 Sites To Watch South Indian Movies & How To Download Them Leo Global Music releases the most awaited Garba song Ambe Maa sung by Amit Mishra Piyush Goyal asks Service Sector to utilize the natural advantages and identify the areas of strength to become globally competitive Sarbananda Sonowal reviews Half-yearly progress and achievements in ‘Chintan Baithak’ Narendra Singh Tomar meets Indian Diaspora in Bali, Indonesia Sharry Mann To Make His Comeback Soon. Writes, ‘My Aim Is To Get Inspired..’ Constructive co-operation coupled with trust and transparency is key to tap the trade potential of SCO Member States : Anupriya Patel Visit of Admiral R Hari Kumar Chief of the Naval Staff to Australia World Teachers Day 2022: Read To Know More About It Sunday vibes at their best! watch the two most favourite movies Saunkan Saunkne And Dil Diyan Gallan on Zee Punjabi Who Is RJ Karishma, A Radio Jockey Entered In Bigg Boss House With Her Reel Family It is important for scientists to be at the forefront of their work and hone competencies to deliver science for the public good: Dr Jitendra Singh India and Singapore are closely collaborating in cutting edge areas like fintech, information technology etc : Dr Jitendra Singh Waste processing capacities of urban local bodies (ULBs) increase from a mere 18% in 2014 to 73% at present : Hardeep Singh Puri

 

Governor for appropriate steps to improve functioning of J&K Bank

Rumours about merger of Bank unfounded: Chairman

5 Dariya News

5 Dariya News

5 Dariya News

Srinagar , 24 Oct 2019

Chairman and Managing Director, Jammu and Kasmir Bank Ltd, R.K. Chhibber today called on the Governor, Satya Pal Malik here at the Raj Bhavan and held detailed  deliberations on the overall health of the bank.Shri Chhibber briefed the Governor about various initiatives taken by the Bank to further stimulate its functioning vis-a-vis improving  customer services and safe-guarding their financial interests. He also spoke in length on the public perception that has been created in some circles regarding the merger of the  J&K Bank and informed that the fundamentals of the Bank are very strong and there is no such move contemplated in the near future.The Chairman informed that the recent crisis  of the Punjab and Maharashtra Cooperative (PMC) Bank in the country has worried bank customers in general, but the rumours of J&K Bank’s merger are totally unfounded and  incorrect. He assured all esteemed stakeholders that the bank is functioning safely in the hands of the more than 12000 strong J&K Bank family under the supervision and  guidance of a professional Board of Directors and a robust accountability framework in place for ensuring transparency and efficiency. He said that the J&K Bank has a market  share of more than 65% in the State and more than 12 million account holders from two million households and a total business around Rs 1.65 lakh crores.

He further clarified  that few of the large loans, made some years ago that have turned Non Performing Assets (NPAs) and are being investigated; have been adequately provided for by the bank and  shall have no impact on the profitability of the bank.He expressed his gratitude to the main stakeholder, the Jammu and Kashmir Government which has a 59% equity share in  the Bank for constantly supporting the bank.The Governor appreciated the endeavours of the J&K Bank for promoting its regular growth and development of the State. He  appreciated the steps taken by the management during the past some months for further streamlining its functioning such as reconstitution of BoDs with prominent professionals.  He hoped that the institution will further flourish and fulfil the aspirations of its customers.The Governor observed that the J&K bank has a rich history of serving the people,  contributing immensely for the development of marginal sections of the society and generating employment opportunities for the poor. He urged the Chairman for continuing his  endeavours for the growth of the bank and boosting the confidence of its customers in this era of competition. He assured all support from the Government for the overall growth  of the Bank.

 

Tags: Satya Pal Malik

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD