J&K Bank issues clarification on ‘penalty’ imposed by RBI
Have strengthened compliance framework: Chairman
Srinagar: J&K Bank on Thursday issued a clarification after the Reserve Bank of India (RBI) imposed monetary penalty on it. Notably, RBI yesterday issued two separate press releases stating that it had imposed monetary penalties on J&K Bank and Deutsche Bank on account of non-compliance of asset classification norms and KYC/AML guidelines. The JK Bank […]
JK Bank share finds favor with stock market analysts
Srinagar: At a time when the banking industry is going through challenging times and most of the government-owned banks are not finding favour with the market analysts, the state-owned Jammu and Kashmir Bank have become the cynosure of the stock market analysts with majority of the analysts recommending a buy on the share of the bank […]
J&K Bank issues clarification on penalty imposed by RBI
Have strengthened the Compliance framework by creating a separate compliance vertical: Chairman
Srinagar: J&K Bank today issued a clarification after the Reserve Bank of India (RBI) imposed a monetary penalty on it. Notably, RBI yesterday issued two separate press releases stating that it had imposed monetary penalties on J&K Bank and Deutsche Bank on account of non-compliance of asset classification norms and KYC/AML guidelines. The JK Bank spokesperson when contacted clarified that the […]
J&K Bank relaxes age, qualification criteria for BA positions
Srinagar: J&K Bank has announced a relaxation in the eligibility criteria of Banking Associates (BA) in respect of qualification and age. Now the candidates having educational qualification as Graduates/Post Graduates with 50% marks and above (date of declaration of result till 30.11.1018) are eligible to apply for the said post. The age in case of […]
Chief Horticulture Officer Bla tours snowfall affected orchards
Sopore: Chief Horticulture Officer Baramulla, Farooq Ahmad Tantray along with field staff of the department including ACR Baramulla and Tehsildar Thursday visited the affected orchards of Sangrama and Rafiabad constituencies to assess the damage to orchards, trees and crops for compensation. The damages in orchards, trees and crops occurred due to recent snowfall in the […]
NC demands compensation for farmers
Srinagar: National Conference (NC) on Thursday said that the assessment to ascertain the losses to farmers hasn’t commenced raising trepidation in the farmers who stand worst affected by the recent ill-timed snowfall. South Zone President Dr.Bahsir Ahmad Veeri, in a statement issued here said that the affected farmers have suffered immense losses due to the […]
Govt estimates Rs 500 cr loss to crops due to early snowfall
Jammu: The government has assessed Rs 500 crore losses to the state’s agriculture and horticulture sectors due to the recent heavy snowfall and urged the Centre to provide relief to the affected farmers. Chief Secretary B V R Subrahmanyam urged the central government to depute a team to the state to assess the damages caused […]
After handicraft, Govt ignoring fruit industry in Kashmir: Tarigami
Srinagar: CPI (M) senior leader and MLA Kulgam, Muhammad Yousuf Tarigami on Monday said that the government has utterly failed to implement crop insurance scheme in the Valley. Tarigami as per a statement issued here said that they urged the government several times in the past to implement crop insurance scheme here but it has […]
SKUAST issues advisory for orchards affected by snowfall
Srinagar: Sher-e-Kashmir University of Agricultural Sciences & Technology (SKUAST), Kashmir Monday issued an advisory for the orchards affected by the snowfall elaborating a number of steps for the growers to protect the produce from damages. As per the advisory, growers have been asked to drain out excess water from the orchards by making drainage channels. […]