Tourism backbone of JK economy: EP J&K Bank

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SRINAGAR: A delegation of representatives of Hotel & Restaurant Association, Katra called upon the Executive President, J&K Bank R K Chhibber.
The delegation was led by its President Rakesh Wazir, Chairman Shyam Lal Kesar, former President Shiv Kumar Sharma, Vice Presidents Vivek Sharma besides former MLA Baldev Raj Sharma and Former Municipal Committee President Ashu Magotra.
The bank’s Zonal Head Udhampur Sudhir Gupta, Cluster Head Rajesh Dubey and heads of major business units of Reasi district were also present at the meeting.
Speaking on the occasion, Executive President said, “Tourism is the backbone of the J&K economy. Therefore, the bank will try to provide every support and assistance to those associated with it, particularly the hotel industry so that the maximum number of tourists visit and enjoy the heavenly beauty and hospitality of our state,” an official handout read.
Further, he assured the participants of continued support to the entrepreneurs of the Katra town through maximum finance and other facilities.
President of the Association, Rakesh Wazir hailed the longtime relationship between the bank and Katra hotel industry and said, “We have had a longtime relationship with the bank as most of the hotels at Katra are financed by the J&K Bank. Thus the bank has got a major role to play in the progress of Hotel and allied industries in Katra.”
Appreciating and thanking the Chairman & CEO Parvez Ahmed for accepting the major demands including collateral free financing to the hotels and delegation of powers to the zonal and cluster heads for financing and other matters for quick disposal, he further said, “The management of the bank shall surely see the results of all these measures in the days to come and will have major enhancement in its business particularly in tourism sector.”
He said that the business at Katra was picking up very fast as J&K Bank provided financial support to the entrepreneurs, it read.
Wazir, while elaborating the contribution of the bank being local, said “In every kind of turmoil it is only J&K Bank that stands with the people of J&K and it becomes our duty as well to be the part of this bank in a big way”.
He further expressed his satisfaction and gratitude for the quality services rendered by business units in Katra.
The executive president assured continued support and financial assistance to the local hotel industry.
The representatives of the hotel industry thanked the bank forever proactive and timely support, added the handout.