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Increase employment opportunities, banking outreach in far flung areas: Guv to JK Bank


Chairman Jammu and Kashmir Bank Parvez Ahmed met Governor Satya Pal Malik at the Raj Bhavan here today and informed him about the steps taken by the Bank for socio economic development of the state by improving the credit penetration in the productive sectors of economy.

An ambitious expansion plan, Ahmed added, has been drawn by the Bank to take banking to the doorstep of people in all the regions of the state besides increasing the banking infrastructure and promotion of digital economy.

He informed that a pilot project in this direction for opening of 35 Ultra Small Branches is in advanced stage of completion to link all the 111 villages of Leh District with formal banking system besides creating employment for the local educated youths.

Ahmed also apprised Governor about the CSR initiative of the Bank for construction of a residential accommodation in Maharashtra to alleviate problems of Cancer Patients & their attendants from Jammu and Kashmir availing Medical Treatment here for which the Government of Maharashtra is in the process of allocating land to the State Government.

He requested that the matter be taken up with the Chief Minister of Maharashtra for expeditious allotment of land.

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