BREAKING NEWS

05-21-2019     3 رجب 1440

Bank starts full fledged treasury operations centre in Srinagar

May 16, 2019 | BK ONLINE

“J&K Bank plays a very important role in the economic development of J&K state and the economic prosperity of the state is interwoven with the financial soundness of the J&K Bank. It is an instrument of financial management in the state and this bestows a great responsibility on the J&K Bank team.. I congratulate the Bank for registering excellent profit growth for the last fiscal and we would like to see J&K Bank as one of the best banks in the country in future”.
This was stated by the Principal Secretary Finance, J&K Government, Dr Arun Kumar Mehta (IAS) after inaugurating the Bank’s relocated Treasury Operations Centre from Mumbai to a the state of the art premises in the Srinagar; in presence of the Chairman and CEO, J&K Bank Parvez Ahmed, members of the Bank’s Board of Directors, Bank’s Executive Presidents and Management team of the Bank.
The Principal Secretary also advised the Bank to aim for improvement in the risk profile of the Bank besides decreasing the NPAs keeping in view the systemic importance of the Bank in the state. He urged upon the operational staff to work passionately, simultaneously moving up the ladder of knowledge acquisition & capacity building besides living up to the huge trust reposed by the people in J&K on the bank.
Speaking on the occasion, the Chairman Parvez Ahmed said,” The advancement of information technology has made geographies irrelevant and with latest IT infrastructure it is possible to seamlessly operate Treasury Operation from anywhere in the country. Considering this fact, the decision of shifting the Treasury to Corporate Headquarters was taken so that better control, fast decisions coupled with a stable pool of resources would ensure transformation and evolution of Treasury into a vibrant profit making centre.”
Thanking the Principal Secretary Finance and other members of the Board for their constant support and guidance in bank’s endeavours, the Chairman highlighted the critical role of the treasury towards realizing the Bank’s Vision-2022 by amplifying its profits besides enabling it to retain a stable pool of resources, made possible by its shifting to Srinagar.

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Bank starts full fledged treasury operations centre in Srinagar

May 16, 2019 | BK ONLINE

“J&K Bank plays a very important role in the economic development of J&K state and the economic prosperity of the state is interwoven with the financial soundness of the J&K Bank. It is an instrument of financial management in the state and this bestows a great responsibility on the J&K Bank team.. I congratulate the Bank for registering excellent profit growth for the last fiscal and we would like to see J&K Bank as one of the best banks in the country in future”.
This was stated by the Principal Secretary Finance, J&K Government, Dr Arun Kumar Mehta (IAS) after inaugurating the Bank’s relocated Treasury Operations Centre from Mumbai to a the state of the art premises in the Srinagar; in presence of the Chairman and CEO, J&K Bank Parvez Ahmed, members of the Bank’s Board of Directors, Bank’s Executive Presidents and Management team of the Bank.
The Principal Secretary also advised the Bank to aim for improvement in the risk profile of the Bank besides decreasing the NPAs keeping in view the systemic importance of the Bank in the state. He urged upon the operational staff to work passionately, simultaneously moving up the ladder of knowledge acquisition & capacity building besides living up to the huge trust reposed by the people in J&K on the bank.
Speaking on the occasion, the Chairman Parvez Ahmed said,” The advancement of information technology has made geographies irrelevant and with latest IT infrastructure it is possible to seamlessly operate Treasury Operation from anywhere in the country. Considering this fact, the decision of shifting the Treasury to Corporate Headquarters was taken so that better control, fast decisions coupled with a stable pool of resources would ensure transformation and evolution of Treasury into a vibrant profit making centre.”
Thanking the Principal Secretary Finance and other members of the Board for their constant support and guidance in bank’s endeavours, the Chairman highlighted the critical role of the treasury towards realizing the Bank’s Vision-2022 by amplifying its profits besides enabling it to retain a stable pool of resources, made possible by its shifting to Srinagar.


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© Copyright 2018 brighterkashmir.com All Rights Reserved. Quantum Technologies

Owner, Printer, Publisher, Editor: Farooq Ahmad Wani
Legal Advisor: M.J. Hubi
Printed at: Abid Enterprizes, Zainkote Srinagar
Published from: Gulshanabad Chraresharief Budgam
RNI No.: JKENG/2010/33802
Office No’s: 0194-2451076, 9622924716 , 9419400056
Postal Regd No: SK/135/2010-2019
Administrative Office: Abi Guzer Srinagar

© Copyright 2018 brighterkashmir.com All Rights Reserved.