JKPA delegation calls on Chairman J&K Bank, discusses issues

BK News Desk/Srinagar
November 7, 2016 STATE 229 Views

Jammu & Kashmir Press Association delegation led by its President Ghulam Hassan Kaloo called on J&K Bank Chairman & CEO Jenab Parvez Ahmed today at the bank’s corporate headquarters. The association congratulated Jenab Parvez Ahmed for his well deserved elevation as Chairman & CEO of the bank.
The meeting was also attended by Executive President Mr Sehgal and Incharge Corporate Communications & CSR Mr Sajad Bazaz.
The delegation apprised the Chairman about the genesis of the Association and its activities right from 2007. “Instead of making demands, the association has been contributing a lot by organizing free medical camps for ailing in the state and also celebrating World Press Freedom Day every year to express solidarity with the Journalists worldwide. The Association has virtually been acting as a bridge between the government and the people at large”, Kaloo said.
Acknowledging the transforming role of J&K Bank in the state, President JKPA extended his full cooperation to the bank chairman for taking the bank to new heights.
He said, “We understand the complex situation in which banking industry is held up today. Though mounting non-performing assets (NPAs) is a concern, but with the kind of able leadership in the bank we have no reason to worry. However, serious efforts are required in the areas like NPA recoveries particularly from outside borrowers, constitution of APEX Body, reduction of overhead expenses and taking all employees on board so that collective efforts are made to improve the health of the Bank.”
Parvez Ahmed, Chairman & CEO of the bank thanked the media for wholeheartedly supporting the bank by highlighting ‘our developmental initiatives’.
“We acknowledge your support. It’s the media which has helped the wider dissemination of the success story of J&K Bank through its remarkable support,” he said.
The chairman apprised the delegation that 90 per cent adult population of Jammu and Kashmir bank with the J&K Bank. “We have more than 85 lakh accounts consisting more than 60% share of total deposits and over 63% share in advances of all banks operating here in J&K state. We have business units (branches) in every block of the state and are planning to penetrate into deeper pocket of the state so that every individual is taken into the ambit of formal financial system,” he said
“Our mission is to provide the people of Jammu and Kashmir international quality financial services and solutions. We are here to catalyse economic transformation of the state. We aspire to make Jammu and Kashmir the most prosperous state in the country by helping in creation of a vibrant financial architecture for the state economy, at the centre of which will be the J&K Bank,” said Parvez.
Elaborating further he said the bank would be further customizing products and services to explore the potential of untapped economy in different sectors of economy.
The chairman announced regular interactions with media on quarterly basis so that proper feedback and things for the development of the institution are debated and discussed in a positive perspective. However, the chairman assured that the bank is well positioned to manage the NPAs and restore the asset quality within next 2-3 quarters.
Earlier, Ghulam Hassan Kaloo appreciated the support which the bank has been extending in terms of ads. “The ad support helps us to generate employment,” he said.
However, he pitched for regular distribution of the bank’s ads to encourage small newspapers as they contribute a lot by way of information and highlighting problems of the dormant and remotest pockets of J&K State.

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