J&K Grameen Bank conducts ‘mega loan settlement campaign week’

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SRINAGAR: J&K Grameen Bank is conducting a ‘Mega Loan Settlement Campaign week’ effective from 25th June 2018 to 30th June across the state. Under the said initiative, the bank is offering a golden opportunity to all its clients to settle the long pending NPA accounts under ‘One Time Settlement Scheme’ (OTS) with attractive offers. The main motto is to make its valuable clients debt-free.
General Manager of the bank, Romesh Vaid appreciated the efforts of all the regional managers including from Jammu as well as Kashmir as “they are doing extensive work in this ongoing campaign by wide spreading the awareness regarding the week, so that NPA recovery can be maximised leading to revival of loan clientele of the bank”, read a handout
The bank is conducting this campaign in thirteen districts of the state including Jammu, Samba, Kathua, Rajouri, Poonch, Kishtwar, Baramulla, Kupwara, Bandipora, Leh, Kargil, Ganderbal and Srinagar.
“The management appeals to the bank’s clients to avail this opportunity offered by the bank so that their long pending NPA accounts can be settled,” read the handout.
The OTS settlement will have dual benefits as it will make the customer debt-free, thus leading to enhancing their purchasing capacity and on the other hand, it will strengthen bank’s financial position and increased lending capacity due to which bank may offer its loan products at cheaper rates in future, added the handout.