SRINAGAR, Jan 10: Kashmir Traders and Manufacturers Federation (KT&MF) led by its spokesperson Hilal Ahmad Mandoo met Chairman and CEO J&K Bank Parvez Ahmed here today.
The delegation discussed various issues faced by the business community of the state in presence of Bank’s Executive Presidents PK Tickoo, RK Chibber, Abdul Rashid Sheigan, Presidents Mohammad Younis Pattoo, Mohammad Maqbool Lone and Arun Gandotra.
The delegation apprised the Chairman about various issues pertaining to the business community like insurance, collaterals to business loans and the need for expeditious sanctioning of various loans. The delegation underlined the difficulties faced by relatively smaller shopkeepers in getting credit facilities from the bank. The delegation also expressed the need of having Cash Deposit Machines (CDMs) placed at various business hubs of the city.
Responding to the concerns, the Chairman assured that all genuine concerns would be taken care of and issued directions to the concerned executives for looking into the issues raised by the delegation,. The Chairman also stressed upholding of the healthy and ethical business practices, a quality, that is deeply embedded in the ethos of the people of our State.
Acknowledging the demand for CDMs, the Chairman passed directions for undertaking a thorough feasibility study for effective placement of cash recyclers across the business centers. Commenting on the issue of difficulties while availing credit facilities the Chairman said, “Although our products are hassle free in nature, any genuine and specific cases where applicants are having difficulties may be brought to the notice of the bank through the concerned cluster/zonal offices”.