State-focused growth, sustained profitability to rescript people’s economic lives: Chairman J&K Bank

State-focused growth, sustained profitability to rescript people’s economic lives: Chairman J&K Bank

‘Potential leaders required to be mentored to create strong leadership pipeline’

JAMMU: J&K Bank officers from Jammu who were recently elevated in the career progression of the bank to their next levels on Friday organised a function to felicitate chairman of the bank, Parvez Ahmed here.
Speaking on the occasion, Parvez Ahmed said, “The bank has embarked on its expansion within the state to capitalise on the huge business opportunities lying untapped in the state and is concomitantly undergoing a process of succession planning to groom strong leaders for future and the recent promotions are a timely step taken in this direction,” an official release read.
Parvez further said that given the pace of retirements in the next five years, it was important for the bank to put in place a robust plan of succession.
“Potential leaders are required to be mentored to create a strong leadership pipeline. Some of these works have been implemented, some are already in progress with a concrete action plan which includes expansion of our network in rest of India and to start overseas branches,” read the release.
He added: “The promotions have been well deserved and earned by you with your sincere hard work and dedication. At the same time it is my advice to you all that the environment continues to remain challenging and dynamic so we have to align ourselves, re-invent ourselves and most essentially retain our leadership in the market. The skill set of the employees needs to be upgraded in line with the changing operating environment on a continuous basis.”
“With only around 15-20% population availing credit from the banking system, opportunities are galore lying untapped for scripting a new era of growth and profitability for this wonderful institution and also for rescripting economic lives of people of the state” he further said, advising the elevated officers and top management team present on the occasion to work with a sense of purpose and pride in giving back to people through best services.
“This is possible when we listen to our conscience, work with honest spirit and cooperation, taking charge of our actions in the service of our customers,” he maintained.