Chhibber reviews functioning of J&K Bank in both UTs

*Directs officers to ensure availability of cash

Excelsior Correspondent
SRINAGAR, Apr 3: Chairman and Managing Director (CMD), J&K Bank, Rajesh Kumar Chhibber today reviewed the functioning of the Bank in the Union Territories of Jammu & Kashmir and Ladakh in the wake of Covid-19.
Addressing the Zonal Heads, Cluster Heads and Lead District Managers in an online review meeting, the CMD directed the senior management team of the Bank to ensure sufficient availability of cash at all Business Units as well as ATMs for customer convenience besides underlining the need of regular sanitization of all financial touch points.
Emphasizing the role of Lead District Managers in strengthening liaison between the local administration and banks, the CMD said that such outreach would be highly effective in overcoming the challenges put forth by this pandemic.
The CMD underscored the importance of providing hassle-free payment to all women Jan Dhan account holders whose accounts have been credited with the first installment of Rs 500 as part of the recently announced Pradhan Mantri Gareeb Kalyan Yojana. The CMD also exhorted the team to extend overdraft facility to the Jan DhanYojna accounts holders.
“While extending these services we have to ensure social distancing, and strictly following other instructions issued from time to time to control the spread of the contagion”, the CMD asserted.
Stating that pension had been credited timely to the accounts of the general pensioners, he also reiterated the Bank’s commitment to extend relief measures announced by the Reserve Bank of India to the customers. Bank has already approved 10% additional working capital to those borrowers whose cash flows have been affected by the Covid-19 problem.
Meanwhile, upping its efforts to help mitigate the problems caused by the Covid-19 pandemic in the UTs of J&K and Ladakh, Zonal Heads have been authorized to distribute ration to the poor and needy people in case there are such cases with dire need. Similarly Cluster Heads have also been advised to provide masks to the poor and needy people visiting Business BUs, ATMs