Srinagar, Jul 7: State Government will continue to support the bank
as has been amply demonstrated through capital infusion in the bank when it was
required during the challenging previous fiscal. In future too whenever the
bank needs our support, it shall be forthcoming in every possible way.
Principal Secretary
Finance Navin Kumar Choudhary made these comments while responding to a query
of a shareholder at the bank’s 80thAGM held here at SKICC.
“Financial Year
2016-17 was the most difficult year for the banking industry and JK bank was
not an exception. I would call the year 2017-18 as a year of recovery for the
bank. The Board was restructured, strategy reoriented, business
processes reengineered, top management strengthened with elevations and
undoubtedly lot of hard work was done to put the bank on a sustained path of
recovery.”, he added.
The Principal
Secretary while assuring the shareholders asserted, “Let me reiterate as the
promoter director representing the state government holding 59 percent stake in
the bank that we value J&K Bank as one of the premier organizations of the
state and will do everything possible to retain its premier status.”
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