Bank starts full-fledged treasury operations centre
Excelsior Correspondent
SRINAGAR, May 16: Principal Secretary Finance, Dr Arun Kumar Mehta today said that economic prosperity of the State is interwoven with the financial soundness of the J&K Bank.
He was speaking after inaugurating J&K Bank’s relocated treasury operations centre from Mumbai to the state of the art premises in the Srinagar in the presence of the Chairman and CEO, J&K Bank Parvez Ahmed, members of the Bank’s Board of Directors, Bank’s Executive Presidents and management team.
The Principal Secretary advised the bank to aim for improvement in the risk profile besides decreasing the NPAs keeping in view the systemic importance of the bank in the State. He urged upon the operational staff to work passionately, simultaneously moving up the ladder of knowledge acquisition and capacity building besides living up to the huge trust reposed by the people in J&K on the bank.
He also congratulated the bank for registering excellent profit growth for the last fiscal and said, “we would like to see J&K Bank as one of the best banks in the country in future”.
Speaking on the occasion, the Chairman Parvez Ahmed said, “the advancement of information technology has made geographies irrelevant and with latest IT infrastructure it is possible to seamlessly operate treasury operation from anywhere in the country”, adding “considering this fact, the decision of shifting the treasury to Corporate Headquarters was taken so that better control, fast decisions coupled with a stable pool of resources would ensure transformation and evolution of treasury into a vibrant profit making centre”.
Thanking the Principal Secretary Finance and other members of the Board for their constant support and guidance in bank’s endeavours, the Chairman highlighted the critical role of the treasury towards realizing the Bank’s Vision-2022 by amplifying its profits besides enabling it to retain a stable pool of resources, made possible by its shifting to Srinagar.
It was not easy to manage such a task given the resources and logistics involved but with the talent & execution skills of Team J&K Bank, coupled with the guidance of the Board and support of other stakeholders, the assignment was accomplished on time and in a hassle free manner.
Acknowledging the exemplary role played by the retired as well as in-service employees in the establishment and management of the treasury operations at different periods of time, the Bank felicitated its ex-employees who managed the affairs in various capacities during their stint at the Bank’s treasury operations in Mumbai.
Mementoes were presented to retired presidents Fazl-e-Mehboob Gani, Mohammad Amin Mir, retired vice presidents Gulam Ahmad Bangroo, Bashir-ul- Islam, Mohammad Sultan Kaboo, Mushtaq Ahmad Mir, Aftab Ahmad Qazi, Khurshid Ahmad Fazili and retired AVP Mohammad Shafi Sheikh by Principal Secretary Finance.
President Sunil Gupta, Executive President P K Tickoo, Vice President Treasury Operations Rakesh Kaul and Assistant Vice President Treasury Operations, Raja Zaffar Khan also spoke on the occasion.
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