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Centre had an eye on J&K Bank: Farooq

Centre had an eye on J&K Bank: Farooq
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Srinagar: Farooq Abdullah on Wednesday said that the move to take over J&K Bank was in the pipeline for a long time.
“The moves to take over the J&K Bank have been in pipeline for a long time. They haven’t succeeded till then but probably in the governor’s rule they thought they will succeed,” said Abdullah while talking to the reporters on the side-lines of a function marking 36th annual day of SKIMS at SKICC.
Abdullah said that there were plans to take over the bank when he was the chief minister of the state.
“I think there was a design long time back when I was the CM and J&K Bank was performing well. I remember then I was in the office of Home Minister L K Advani along with deputy chairman planning commission and they were saying the bank is not doing good as it is going down and it should be taken over,” claimed Abdullah.
Luckily, he said, a daily from Mumbai had published a complete report on this bank and showed how good it was actually doing.
“I sent those reports to them and I am glad that the deputy chairman planning commission spoke to me on phone and said his information was wrong,” he said.

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