J&K Bank officials meet trade bodies’ delegations in Srinagar, Jammu
Srinagar: As part of its wider deliberations to devise a framework that would be beneficial to both the banks and the businesses while dealing with the impact of Covid-19 pandemic in the UT, J&K Bank’s recently constituted Executive-level Credit Management Committees met various trade bodies’ delegations in separate meetings at Srinagar and Jammu. The interaction […]
Apple growers pin hopes on Ramzan for jump in sales
Srinagar: Apple farmers of Kashmir have pinned their hopes on increased consumption during Ramzan and expect the authorities to allow hassle-free sale of the premium fruit that is on the verge of becoming a white elephant for the growers due to the nationwide lockdown. The farmers of the valley had put away nearly one lakh […]
COVID-19: FCS&CA takes measures to provide relief to public
JAMMU: During the lockdown restrictions imposed due to outbreak of Coronavirus (COVID-19), the Department of FCS&CA, Jammu has undertaken various measures to provide relief to the public. Department of FCS&CA, Jammu Division is distributing two months advance ration to the people. It has distributed about 87.84 % of advance ration for the month of April […]
Facebook invests in Jio platforms, invests 43, 574 Cr
New Delhi: Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 9.99 per cent stake in Jio Platforms — a deal that will help RIL cut debt and use WhatsApp to create an Indian e-commerce giant that could rival Amazon and Walmart. The largest foreign direct investment (FDI) […]
J&K Bank distributes ration in Udhampur, Rajouri Zones
Srinagar: In view of COVID-19 outbreak and the subsequent lockdowns, Chairman and MD, R. K. Chibber directed all Zonal Heads to proactively discharge their duties of social responsibility by helping poor and needy people in this hour of crisis. On this outline bank has taken the initiative to come out with contribution for the weaker […]
RBI eases bad loan rules, cuts reverse repo rate, freezes dividend payout by banks
Mumbai: The RBI on Friday further eased bad-loan rules, froze dividend payment by lenders and pushed banks to lend more by cutting the reverse repo rate by 25 basis points, as it unveiled a second set of measures to support the economy hit hard by a coronavirus-led slowdown. In his second televised address since the […]
World economy bound to suffer ‘severe recession’: IMF
Washington: The world economy, already “sluggish” before the coronavirus outbreak, is now bound to suffer a “severe recession” in 2020, IMF chief Kristalina Georgieva has warned and said the current crisis posed “daunting challenges” for policymakers in many emerging markets and developing economies. Addressing the Development Committee Meeting during the annual Spring Meeting of the […]
HDFC Bank Reports 18% Jump In Q4 Profit; Asset Quality Improves
Mumbai: HDFC Bank reported a 17.72 percent year-on-year increase in net profit on Saturday at Rs 6,927.69 crore for the March 2020 ended quarter on higher other income, operating income, NII and lower tax cost. Its net profit for the whole financial year 2019-20 rose by 24.6 percent from the previous year to Rs 26,257.3 […]
J&K Bank designates three senior officers as Ex Presidents
Srinagar: Firming up its top management further, J&K Bank today elevated three of its Presidents to the position of Executive Presidents. The promotion orders to this effect were issued during the board meeting held on 15th April 2020. The newly promoted Executive Presidents are Arun Gandotra, Ghulam Nabi Teli and Sunil Gupta. All the three […]
Kashmir Inc donates 1 lakh masks to divisional admin
SRINAGAR: The business community of Kashmir here on Thursday donated one lakh safety masks to divisional administration. In this regard, a delegation of business leaders led by Kashmir Chamber of Commerce and Industries, President, Sheikh Ashiq called on Divisional Commissioner Kashmir Pandurang K Pole here and handed over the donation from the business community to […]