Excelsior Correspondent
SRINAGAR, Apr 1: Chairman and CEO of J&K Bank Parvez Ahmed today stated that the Bank is in safe zone with worst now behind them and poised for a strong profitability on a sustained basis going forward.
He was addressing the staff of the Bank in the farewell function organized by the officers of the Bank to bid adieu to Executive President (HR) Abdul Rashid Sheigan on attaining the age of superannuation. The function, which was also attended by the Bank’s Executive Presidents R K Chhibber and P K Tickoo, Presidents, Vice Presidents, Zonal Heads and other senior officers, was presided over by Parvez Ahmed.
“Though there was a lot of pessimism when we plunged into the loss in 2017 due to burgeoning NPAs catalyzed by overall degradation of banking environment coupled with legacy of NPAs in our balance sheet, J&K Bank arose like a Phoenix due to the indomitable spirit of the human resources of the Bank. We reoriented our strategy and prepared a Board approved medium term business plan which is being executed and the results over the last few quarters are as per the projected trajectory in the business plan. I can assure that we are well on course to achieve our targeted profit of Rs 2000 cr in FY 2022” asserted Parvez Ahmed.
The Chairman said they were provided generous guidance, mentorship and handholding by all the stakeholders including their promoters (Government of J&K) but the sheet anchor of the implementation of our strategy has been the Bank’s human resources which he has time and again affirmed as the real strength of the organization.
Eulogizing the services of the superannuating Executive President Parvez Ahmed added, “Sheigan Sahib who has been a very important member of my team is attaining the age of superannuation and bidding farewell to all of us. His illustrious career span and remarkable journey in this organization at all the levels and almost whole of the geographical foot print of the bank in a quiet manner is an inspiration for all”.
All the officers of the Bank including Executive President P K Tickoo and R K Chhibber wished the retiring officer a healthy and prosperous post-retirement life.
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