J&K Bank inducts new directors

J&K Bank inducts new directors

Srinagar: J&K Bank has revived much needed professionalism in its board by inducting professionals of highest repute as independent directors on board of the bank. This has been done without altering the basic character of the board with two-third state-subject directors and maintaining Non State Subject seats within stipulated one third of total size. Following […]

Government’s stake in J&K Bank rises to 59%

Government’s stake in J&K Bank rises to 59%

Srinagar: As the major stakeholder in J&K Bank, the state government remains ever committed and serious in its support as it is the most premiere financial institution of the state. Commissioner/ Secretary, Finance Department,Government of J&K, Navin Kumar Choudhary made these remarks in presence of J&K Bank Chairman and CEO Parvez Ahmad and other dignitaries […]

Bankers to meet from today to decide on large defaulters

Bankers to meet from today to decide on large defaulters

MUMBAI: are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings. The first set of six troubled accounts are Bhushan Steel (Rs 44,478 crore), Essar Steel (Rs 37,284 crore), Bhusan […]

MLA Shopian anguished over crop loss

MLA Shopian anguished over crop loss

Srinagar: MLA Shopian Mohammad Yousuf Bhat has expressed anguish over loss caused to the standing fruit and agriculture crops due to the hailstorm in Ramnagri, Sedow, Malik Chak, Keller and Zrakan areas. He expressing sympathies with the affected farmers, and directed the district administration Shopian to constitute teams from horticulture, agriculture and revenue department, who […]

Infrastructural facilities revieved at Chakan –da– Bagh TFC

Infrastructural facilities revieved at Chakan –da– Bagh TFC

POONCH: Deputy Commissioner Poonch, Tariq Ahmed Zarger convened a meeting Saturday took review the progress on ongoing works being carried out by different executing agencies for developing infrastructure facilities at trade facilitation Chakan –da –Bagh. The meeting discussed various other issues in length including security, customs, immigration, adequate power and water supply so that traders […]

Defer GST rollout as IT network not ready: Assocham to FM

Defer GST rollout as IT network not ready: Assocham to FM

NEW DELHI: Industry chamber Assocham on Saturday demanded postponing GST implementation, saying that taxpayers will find it difficult to comply with the provisions of the new indirect tax regime as the IT network is not yet ready. In a letter to Finance MinisterArun Jaitley, Assocham said existing assessees have not yet migrated to the GSTN […]

Central database of insurance intermediaries on anvil

Central database of insurance intermediaries on anvil

KOLKATA: Insurance agents misselling and remaining unnoticed with will soon become a thing of the past as the regulator plans to keep a check on their background. On the lines of credit bureau, the InsuranceInformation Bureau (IIB) of India has decided to prepare a central database of the insuranceintermediaries to help individual companies to have […]