KCCI hails JK Bank’s growth
Srinagar: The Kashmir Chamber of Commerce and Industry Friday congratulated the management of the Jammu and Kashmir Bank for registering an increase of 129 percent in their profits from last year.
A spokesperson of the KCC&I said that in view of the overall negative market sentiment prevailing throughout, was an “extraordinary effort from the management of the Bank under the able leadership of Pervez Ahmad and deserved to be commended”.
The spokesperson stated that the hopes and expectations of the business community which has been under tremendous stress due to the disturbed conditions and especially after the 2014 Floods also need to be addressed. “Although the Bank has provided unmatched support and handholding so far, but the precarious condition of the state’s economy has not shown any improvement for reasons beyond the control of the bank and its borrowers,” he said.
Now that the Bank was in a “stable position”, the spokesperson said, “It needs to play its role for providing solutions for revival of the economy of the state which has always been deeply connected to and supported by the Jammu and Kashmir Bank”.
KV News
