Excelsior Correspondent
SRINAGAR, Aug 30: J&K Bank is doing a wonderful job by not only aligning itself with the peoples’ needs and financial aspirations but by practically devising financial solutions as per their specific and specialized requirements.
This was stated by Abdul Rahim Rather, Minister for Finance and Ladakh affairs after inaugurating Bank’s new business unit at Chraripora, Pakherpora, in district Budgam today in presence of Tafazal Hussain, Bank’s Executive President, BA Lone, Bank’s President and Zonal Head for Kashmir Central, Khursheed Ahmad, DDC Budgam, Vaqarul Mulk Nazki, Bank’s Vice-President, Abdul Hamid Khan, Bank’s Cluster Head for Budgam, senior officers of district administration, bank officials and customers.
Rather said that financial analysts, awards and awaam (people) acknowledge its uninterrupted growth and resounding success. The impressive targets of Rs 1000 crore for net profit and Rs one lakh crore for business by the end of this financial year set by the bank for itself would be a milestone in the Bank’s journey.
Asking J&K Bank authorities to further explore investment options with their home State, Rather reiterated his warning to other major banking players operating in the State for their reluctance to extend loans and advances in the J&K.
Tafazal Hussain in his address said that they are seriously eyeing on agriculture, horticulture, handicrafts and entrepreneurship. He urged the locals to inculcate saving habits and avail various credit facilities available with the Bank.
The function concluded with the presentation of vote of thanks by Bashir Ahmad Lone, President and Zonal Head of the bank.
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