Excelsior Correspondent
SRINAGAR, Mar 26: In recognition of its strong fundamentals and dynamic growth model, J&K Bank today won the prestigious ‘FE India’s Best Banks Award-2012-13’.
The Bank has been ranked as No. 1 in ‘Best Old Private Sector Bank’ category in the survey conducted across the banking industry.
In terms of ‘Profitability’, the Bank stands 3rd in the overall banking industry while as 1ST in the category of ‘Old private sector banks’.
Chairman and CEO Mushtaq Ahmad expressed satisfaction over the ranking in the prestigious survey that ‘honours banks delivering exemplary performance on various parameters including growth, profitability, strength & soundness.’
He said, “Such a recognition is a sound appreciation of our strategy, committed customer practices and also an inspiration for future, particularly at a time when the Bank is about to achieve a milestone business turnover in its platinum jubilee year.”
Notably, the survey differentiates between the various categories of banks – public sector, private sector: old and new and foreign banks – in recognition of their differing operating environments and awards those institutions that have maximized stakeholder value. The methodology adopted by the survey is rigorous and is based on extensive crunching of Reserve Bank of India (RBI) data by the Express Group’s knowledge partner, Ernst & Young.
The Bank had won the prestigious award in 2011 also.
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