J&K Bank launches gold loan

CEO J&K Bank Parvez Ahmed launching gold loan product at Srinagar on Wednesday.
CEO J&K Bank Parvez Ahmed launching gold loan product at Srinagar on Wednesday.

Excelsior Correspondent

SRINAGAR, Dec 19: J&K Bank launched its gold loan product against gold ornaments and jewelry.
J&K Bank Chairman and CEO Parvez Ahmed unveiled the bank’s gold loan in a function at bank’s exclusive business unit for women here at Jawahar Nagar.
“Let me admit that we may have been quite late in coming up with this product but, as typical of our bank, it is the product with the best of features suited to the needs and tastes of our targeted audience having a lower rate of interest, annual renewal facility and maximum quantum of finance available across the industry”, Ahmed added.
He said that the product would help their customers to explore and realise the potential of their gold ornaments and other jewelry, otherwise kept idle.
Executive Presidents PK Tickoo, RK Chhibber and Abdul Rashid Sheigan, President Arun Gandotra, Zonal Head Kashmir Central (I) Tabassum Nazir, Cluster Head, Head Ladies Branch and other officers of the bank were present on the occasion.
Chairman had a healthy interaction with the women customers of the business unit, wherein he assured the audience that their concerns and questions form is the most important part of the bank’s feedback process.
“It is your feedback and concerns that keep shaping our policies and products for better. And my top management is here to see to it that the product is refined to make it as competitive as it can get and shall also improve upon the services provided to non-resident customers”, Ahmed added.
Earlier, in his inaugural address, President Arun Gandotra said, “Gold is considered as an auspicious product in our society and it is estimated that 11 percent of gold worldwide is held by women in India. Although being emotionally attached to this precious metal, it can also prove to be a good friend by making available a new avenue of loan facility against pledge of the gold”.
Zonal Head Kashmir Central (I), Tabassum Nazir concluded the event by presenting the vote of thanks.