Excelsior Correspondent
Srinagar, July 16: Ellaquai Dehati Bank celebrated 34th foundation day today at a simple but impressive function at its Head Office here.
Speaking at the occasion A K Razdan Chairman of the Bank said that the Bank has witnessed many ups and downs during the last 33 years but with the support of its patrons the Bank marched ahead on the path of progress. He said that the Bank has earned a name in the financial sector of the State and is providing banking as well as other financial services to its esteemed customers under single roof.
The Bank is not only accepting deposits but is also providing loans for agriculture, business, transport, wellness industry, handicrafts, tourism industry besides the loans under Personal segments for construction/purchase of Houses, Car loans, consumer and personal loans he said. Bank is also selling SBI LIFE policies and Mutual Funds for better management of the customer’s wealth” Mr Razdan added. He said that the Bank is implementing all the programmes of the Central and the State Governments and has some special schemes for the unemployed youth. It is providing agriculture production loan at 7 percent rate of interest and has issued maximum number of Kissan Credit Cards at rural centres. “There is no private share holding in the Bank and the Bank is jointly owned by the Govt of India, Govt of Jammu and Kashmir and the State Bank of India, the biggest commercial bank of the country” Mr Razdan added.
EDB Gold Loan scheme was also launched in the valley. Launching the scheme chairman expressed his confidence about the success of the scheme as ‘people desire to retain the gold ornaments but also want to utilize them for business and consumption purposes’.
To mark the occasion, one of the oldest customer Professor Bassu was felicitated at the function.
SA Qureshi, General Manager (GB), D N Bhat, General Manager (CR) and other senior Head Office functionaries were present at the function.
The foundation day was also celebrated at Regional Offices in Srinagar, Jammu and Anantnag also.
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