To revive UT economy, J&K bank’s advances must grow at 25-26%: Dr AK Mehta

Financial Commissioner Dr Arun Kumar Mehta speaking during an inaugural programme in Srinagar on Wednesday.

Inaugurates special desks for youth, women entrepreneurs
Srinagar: Financial Commissioner (Finance Department), J&K Government, Dr Arun Kumar Mehta on Wednesday e-inaugurated J&K Bank ‘Special Desks for Youth and Women Entrepreneurs’, jointly with the J&K Bank Chairman and Managing Director (CMD) RK Chhibber amid a round of applause here at the bank’s corporate headquarters.
Pertinent, the bank’s special desks have been created in line with the announcement made by Lieutenant Governor, Manoj Sinha while unveiling the economic package of Rs 1350 Crore for Jammu and Kashmir.
Speaking on the occasion, the Financial Commissioner Arun Kumar Mehta said, “Revival and growth of J&K economy is one of the major challenges for the government, for which I cannot overemphasize the role of J&K Bank. All we need is to join hands and redouble our efforts to make it grow and develop, for which we all need to work harder and go beyond routine banking.”
“By owning up its problems and taking corrective measures in transparent manner, Bank is today a safe bank with a provisioning above the industry average. Our Government stands behind us and will continue to do so but you have to live up to its trust as well”, he added.
He further said, “Revival of J&K economy demands that the bank’s advances must grow at 25-26 percent during the current financial year and for that it must focus on youth and women entrepreneurs. Going beyond banking you must counsel, finance, track, hand-hold and help the aspiring entrepreneurs with backward and forward linkages.”
CMD RK Chhibber expressed profound gratitude towards Dr AK Mehta for sparing his time and sharing his thoughts with the bank’s management and staff. He assured that J&K Bank family would leave no stone unturned to meet the growth targets needed for the revival of J&K economy.
Expounding upon the bank’s perspective, he said, “At J&K Bank, we believe, youth and women, two most important and under-utilized demographic segments that can help sustain the growing economies.
“Best customer services shall be extended and ensured at all operational levels to all the aspiring entrepreneurs irrespective of gender or location”, the CMD asserted.
The bank has nominated Nodal Officers at zonal levels to man these special desks for providing credit & counseling facilities to youth & women approaching different Business Units.
Executive Presidents Sunil Gupta, Ghulam Nabi Teli, Presidents, Zonal-Heads, Vice Presidents and other officers of the bank attended the inaugural function.