KCC&I delegation meets Chairman J&K Bank

Excelsior Correspondent

SRINAGAR, July 30: A KCC&I delegation led by its President Sheikh Ashiq Ahmed today held a brief interaction with J&K Bank Chairman/CEO R K Chibber and other officials of the Jammu and Kashmir Bank Limited at Corporate Headquarters here.
The statement said that Sheikh Ashiq Ahmad highlighted various banking issues related to the business community and the same were discussed in detail.
“Among the issues discussed were the reports about the merger of the Bank, status of restructured accounts, proper marketing of the FOREX Card of the J&K Bank, need for support to our Horticulture Sector, problems faced by artisans on account of the Artisan Credit Card Loan scheme, specialized products for Global promotion of tourism through J&K Bank Branches, supporting products for tour and travel operators, working capital stress on the General Trade Sector etc,” the KCC&I statement said.
According to the statement, the Chairman stated that the RBI had clarified about the news reports regarding the merger of the bank. He welcomed the suggestion about promotion of the tourism sector through various branches of the bank.
“The J&K Bank was already functioning as ambassadors for the tourism sector and said that the Governor Satya Pal Malik had also focused on tourism promotion during the recent opening of a branch of the J&K Bank at Shirdhi, Maharashtra,” the statement quotes Chibber having said.
The President stated that there was a dire need for regular interaction between the bank and the KCC&I so that issues could be addressed in a regular and structured manner. He said that although the Bank had constituted a Joint Advisory Committee with the Kashmir Chamber of Commerce and Industry, no formal meeting was held.
R K Chibber, as per the statement, stated that the Bank was fully conscious about the conditions prevailing in the State and assured the members of the delegation that the J&K Bank was always ready to support genuine cases and extend all support in this regard.