Excelsior Correspondent
JAMMU, Oct 24: Managing Director (MD) of Jammu Central Cooperative Bank (JCCB), Vinay Sawhney today said that the Bank has revised its various lending schemes to be more competitive and customer friendly.
Sawhney was chairing a meeting of heads of various branches and district functionaries of the Bank during which steps required to be taken for strengthening the bank were discussed in detail.
The MD instructed the officers and other functionaries to implement the directives of the KK Sharma and Khurshid Ahmad Ganai, Advisors to Governor, issued in a recent review meeting of the Bank, to create new avenues for improving the financial and fiscal working of the Bank so that the aspiring entrepreneurs and businessmen get benefitted through its services.
While directing the staff to be more customer friendly, the MD reiterated that JCCB is the first bank of the J&K established in the year 1914 and is more than one hundred years old. He said that the bank is having approximately 3.60 lakh depositors and about 70000 borrowers as on March 31, 2019.
Sawhney said that Government is committed to strengthen the functioning of the Bank for which a Recapitalization assistance of Rs 180 crore stands approved by the State Government, Central Government and NABARD in proportion of 50 %, 40 % and 10 % respectively.
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