SRINAGAR: Chairman Jammu and Kashmir Liberation Front, Mohammad Yasin Malik Saturday launched a scathing attack on state government and Jammu and Kashmir Bank for exploiting the money of Kashmiri people, saying “the bank belongs to the Kashmiri people who turned it into a success story.”
“At a time when every institutions suffered in the state be it Education, Tourism or any other sector only J&K Bank flourished and it was all because JKLF asked people to do carry business with this bank. But the same people who made it a leading bank are being given advances at higher rates while outsiders enjoy privileges,” Malik told reporters after the aftermath of the Article 370 row.
“No officer or any Bank chairman can claim that the success story of the bank is because of them. It is all due to Kashmiri people who made J&K bank a bank and this bank belongs to them. It is their bank,” he said.
Providing the details in the press conference Malik said that Kashmiris in 2013 deposited Rs 1,63,067 crore with this bank, while got only Rs 69,451 crore as advances.
The irony is that the outsiders deposited Rs 83,362 crore and were provided Rs 97,291 crore as advances. The bank has forgotten what it was before 1990 when its business branches could be counted on fingers,” he said and continued “unfortunately Omar Abdullah regime sold it to Indian Reserve Bank.”