Hotel association representatives meet executive president JK bank

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‘Tourism back bone of states economy’

Katra: Executive president of Jammu and Kashmir Bank R.K. Chibber while interacting with the representatives of Hotel and Restaurant Association said that tourism is back bone of JK economy and every help,effort and assistance would be provided so that tourist sector.
Chibber said Katra has got lowest number of non-performing assets and entrepreneurs here are good pay masters and bank too will leave no stone un- turned for having liberal financing overhere.
RakeshWazir president of the association said that hotel industry at Katra and JK Bank had a long bonding and most of the hotels at Katra are financed by the JK Bank and thus the bank had got a major role in the progress of hotel and allied tourist related industries at Katra.
He while appreciating and thanking the chairman the Bank Parvez Ahmed for accepting their major demands including collateral free financing to the hotels and delegation of powers to the zonal and cluster heads for financing and other matters by which the files are not going to Srinagar for approvals and time is not getting wasted and assured that in the days to come the bank will see the results of these decisions as well and will get major boost in its business particularly in the sector of finance.
He said that business’s at Katra is picking up very fast and the bank should go for massive financing and support to the entrepreneurs and more so because the financing in Hotel Industry is most secured and is the major job provider in comparison to any other industry in our state and liberal financing will boost it even further .
Wazir while elaborating the contribution of the bank being local said that in all the types of turmoil’s and eventualities, it was only JK Bank which came in open support of the people of state.
Chibberlistened the people present in the meeting patiently and assured that bank will leave no stone un turned for the help and assistance of the hotel industry and further said that modern innovative approach would be adopted as for as the financing and providing other facilities to the entrepreneurs of the Katra and around and further assured for maximum utilization of the JK Bank infrastructure for the welfare of the state and people connected with tourism industry.