Socio-economic development of J&K paramount: Chairman J&K Bank

Socio-economic development of J&K paramount: Chairman J&K Bank
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Meets KTMF delegation

SRINAGAR: Kashmir Traders & Manufacturers Federation (KTMF) called upon the Chairman J&K Bank Parvez Ahmed on Thursday at the Corporate Headquarters here. The delegation discussed various issues faced by the business community of the state.

Describing the interaction as important source of feedback with regard to the functioning of the bank Parvez Ahmed said,” Customers are the most important stakeholders for the bank and we value the strong emotional equity of the people of the state. The overall socio-economic development of the J&K state is paramount for us and we have undertaken a paradigm shift in our functioning by reorienting our strategy for credit dispensation in the productive sectors of the state,” an official release read.

The delegation apprised the chairman about various issues pertaining to the business community like insurance, collaterals to business loans and the need for expeditious sanctioning of various loans. The delegation underlined the difficulties faced by relatively smaller shopkeepers in getting credit facilities from the bank. The delegation also expressed the need of having cash deposit machines (CDMs) placed at various business hubs of the City, read the release.

Responding to the concerns, the chairman assured that all genuine concerns would be taken care of and issued directions to the concerned executives for looking into the issues raised by the delegation. The chairman also stressed upholding of healthy and ethical business practices.

Acknowledging the demand for CDMs, the chairman directed for undertaking a thorough feasibility study for effective placement of cash recyclers across the business centers. Commenting on the issue of difficulties while availing credit facilities the chairman said, “Although our products are hassle-free in nature, any genuine and specific cases where applicants are having difficulties may be brought to the notice of the bank through the concerned cluster/zonal offices.”

KTMF delegation represented by its spokesperson, Hilal Ahmad Mandoo along with other members thanked the chairman for issuing on-spot instructions for resolving the concerns of the business community, the release added.