JK Bank holds DLRC meet, commissions new ATM

Srinagar: J&K Bank Saturday convened a meeting of the District Level Review Committee (DLRC) in Kupwara district of north Kashmir, while it inaugurated a new ATM in Jammu’s Udhampur district.
In a press statement issued here, the Bank said the meeting was held under the Annual District Credit Plan 2014-15 in chairmanship of the District Development Commissioner (DDC) Kupwara, Kumar Rajiv Ranjan.
Lead District Manager Kupwara told the meeting that 51 per cent of the targets set under ACP 2014-15 have been achieved till Q3 of the current financial year.
He said the financial institutions have provided credit of Rs 151.98 crore to 8,651 income-generating units under priority sector and Rs 139.55 crore to 4,115 beneficiaries under the non-priority sector.
Deposits in the district have increased by 7.95 per cent to Rs 1,336.18 crore and advances by 25.20 to Rs 974.11 crore, as compared to previous respective figures of Rs 1,237.82 core and Rs 778.04 crore, the Bank said.   CD ratio of the district stood at 72.90 per cent as compared to 62.86 per cent, it added.
Till February end, the banks have opened 88,769 accounts under PMJDY, with the deposit amount of Rs 12.29 crore, it said, adding that the banks have also issued 22,573 RUPAY Debit Cards to the accountholders under the scheme.
Meanwhile, the Bank inaugurated one more ATM on Battal Ballian Road in Udhampur, taking the total number of the machines in the district to 19, the statement said.
Minister of State for Finance and Information Technology, Pawan Kumar Gupta, inaugurated the ATM in presence of the Bank’s Vice-President and Cluster Head (Udhampur), S Iqbal Singh.
Lauding the efforts of the Bank and its contribution to financial growth of the state, Kumar impressed upon the people to make full use of various schemes and facilities offered by the Bank.
According to the information shared by the Cluster Head on the occasion, the Bank already has a network of 26 business units in the district and is going to open seven new branches and five more ATMs in the coming months.
“The installation of ATM opposite Women’s College will facilitate the local people as well as commuters using Battal Ballian Road,” he said.