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Hello Jammu News at 10:00:00 PM 0

Srinagar, Jan 7th: In continuation to the mission of moving towards ‘Digital India Campaign’ and strengthening its digital footprint further, J&K Bank has scaled to number three position in achieving targets in digital payment transactions upto third quarter ofcurrent financial year. 

The data available from ‘DigiDhan Dashboard’ platform of Ministry of Electronics and Information Technology (MeitY), Government of India(GoI) reveals that the bank has captured 3.21 crore digital payment transactions in the three quarters of the current financial year ended December 2018, surpassing Public Sector Banks like Union bank of India and Bank of Baroda. 

Commenting on this feat, J&K Bank Chairman and CEO, Parvez Ahmed said, “The initiatives taken in the direction of digitalization have started to give perceptible results. In line with our envisioned path and expected objectives we are in sync with the larger national vision of digital transformation” 

Notably, the bank has putin place robust technological infrastructure and digital banking platform which offers mobile banking facilities through mPaY, e-Banking, Unified Payment Interface(UPI), Point of Sale (PoS) terminals, credit/debit cards, mobile wallets etc.for increased convenience of customers and greater transactional security. 

This year, the GoI has set a target of 3000 crore digital payment transactions to banks and digital wallets. According to ‘DigiDhan Dashboard’, total digital payment transactions from April 2018 were recorded by all banks together at 1998.12 crore as on 31-12-2018. 

The bank had figured among top five banks by capturing 1.17 crore digital payment transactions in the first quarter of the current financial year 

“It is heartening to note that pursuing an annual target of 4 Crore digital transactions for the current financial year 2018-19,the bank is well on track to achieve the said objective.” the Chairman added. 

Pertinently, to monitor the growth of digital payments, MeitY has developed ‘Digidhan Dashboard’, a platform for accurate reporting, monitoring and analysis of all digital payments transactions occurring in India.

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Hello Jammu News at 6:06:00 PM 0
J&K Bank Officers Association organized annual felicitation of retired officials of the Bank at Zorawar Singh Auditorium, Jammu. The felicitation function which was graced by J&K Bank Chairman & CEO, Parvez Ahmed as Chief Guest witnessed the felicitation of 149 officers of the bank who attained the age of superannuation during the last two years. J&K Bank Executive Presidents Sh P.K. Tikoo and Sh R.K. Chibber, President Sh Rakesh Gandotra and Sh Arun Gandotra were also present on the occasion.
Parvez Ahmed urges the new leadership to embrace the
culture of mentorship from retired fraternity 



Jammu Jan 01 2019 : J&K Bank Officers Association organized annual felicitation of retired officials of the Bank at Zorawar Singh Auditorium, Jammu. The felicitation function which was graced by J&K Bank Chairman & CEO, Parvez Ahmed as Chief Guest witnessed the felicitation of 149 officers of the bank who attained the age of superannuation during the last two years. J&K Bank Executive Presidents Sh P.K. Tikoo and Sh R.K. Chibber, President Sh Rakesh Gandotra and Sh Arun Gandotra were also present on the occasion.

Addressing the retired fraternity of the Bank, Parvez Ahmed said, “The Bank where it stands today is the result of persistent hard work and passion of the retired employees over the years who built a strong foundation year on and have given a stable, progressive institution to the current generation of JK Bank family. I personally recall all the revered Officers and senior team mates with whom I learnt and worked over the years and express my gratitude to the generous guidance that I was offered over the course of my career. I must mention the strong culture of mentorship that was present at that time and I urge upon today’s leaders to revive and enhance the concept of mentoring junior management employees during various assignments and build a strong culture of collective spirit of growth.”

Speaking about retired employee welfare, he said, “The welfare and secure future of employees and their families is an idea most close to my heart and I feel very satisfied at the various steps and new schemes we have undertaken particularly towards both working and retired employees. Your contribution to this premier Institution is exemplary which will be remembered by generations of J&K Bank. While this forum is an opportunity of interaction with you, I am delighted to learn how keenly you all continue to think about the welfare of the Bank by offering your valuable, experience rich suggestions towards the overall processes and direction of the Bank.”

Speaking about the Bank’s vision for the current financial year, he said, “Bank has seen six consecutive quarters of profitability and going forward, we will witness favorable results in the current quarter as well. Bank while building on its age old values and passionate spirit of service is embracing new practices via its long term transformation strategy which has started to give positive results. Go all out to leverage our potential in business mobilization to maximize the business of the Bank to not only ward off the dynamic risks emerging in the banking sector but also to offset the various cost pressures on our balance sheet be it the enhanced provisioning, wage revision, regularizations in the subordinate cadre, career progression across the board and incremental investment in establishment of infrastructure for employees comfort and convenience. We must collectively strive hard to achieve the envisaged profit figure of Rs.2000 Crore business by the end of FY 2021-22, and given the sincerity, commitment and dedication of the bank’s human capital towards the institutional business goals I have firm belief that we will surpass the figure. This shall also enable the bank to shore up its capital base by plough back of profits”. Alongside, we consistently strive to give back positively to the society through our CSR initiatives. On the occasion, the Chairman also consented to take up the pensioner’s demand to include the retirees of the bank under the ambit of MoU signed between J&K Bank and SMVDU Narayana Hospital which offers a special rebate of 15 % on all their services. The Chairman also assented to revise the Family Pension in respect of Twenty Three cases pertaining to those who got retired before 1996 and were drawing a meager pension of Rs 3000 per month.


Earlier Arjun Singh Rathore Vice President JKBOA Jammu unit welcomed all the dignitaries at the event. While extolling the role of all the retirees present at the venue, he termed them as real heroes who have strengthened the Bank for which their services can never be forgotten. He also described Mr. Parvez Ahmed as a Peoples Chairman for his empathetic approach and sensitivity towards the needs of each and every employee of J&K Bank family. Tassaduq Madni, President of AIJKBOF expressed the bank’s indebtedness and gratefulness towards its ex-employees as the seeds of their hard work are now bearing fruits towards securing the current generation’s future, a legacy which must be carried forward earnestly. The President of J&K Bank Retired Employee’s Federation S. Mohinder Singh gave a brief overview of the transitions witnessed by the bank since its inception in 1938. The vote of thanks was presented by Vice President of JKBOA Jammu Unit.
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Hello Jammu News at 8:58:00 PM 0

‘Celebration of Income Tax Day’
Srinagar, Jul 24: J&K Bank is planning to open Business Facilitation Centers at all the districts for startups and existing MSME businesses to promote inclusion in formal economy thereby enabling credit flow from banks. The said centers will also create awareness about financial discipline and facilitate the filing of Income Tax Returns by the businessmen across the districts.
J&K Bank Chairman and CEO Parvez Ahmed made these remarks today as the Chief Guest at a function ‘Celebration of Income Tax Day’, which was organized by the Income Tax Department, Srinagar here at the Institute of Hotel Management (IHM) Rajbagh.
The function was presided over by the Chief Commissioner, Income Tax Department (Amritsar), Narender Singh. Those present on the occasion included Assistant Commissioners IT department Bashir Ahmad Bhat and Manzoor Ahmad Shah, President Income Tax Bar Association Nazir Ahmad Shikari, members from Kashmir Chamber of Commerce and Industry (KCCI), legal fraternity, Chartered Accountants and tax professionals.
“I find a lot of semblance in our journey and yours as we have also been on the path of Transformation. The center of our business process re-engineering is also the ease and hassle-free service to people at the click of a button. Both Banking Institutions and Income Tax Department are important stakeholders in the overall financial ecosystem of the country. We both have grasped that valuable principle of evolving continuously is by embracing change”,  Parvez Ahmad added.  
On the occasion, Chairman lauded the role played by IT Department while operating in the challenging situation in the state, Parvez Ahmed said, “In the context of J&K, While I stand here representing a taxpayer Corporate, I must admit that the department with a facilitators attitude is working harmoniously with the taxpaying entities in J&K with least incidents of the policing approach which is a big positive for the society in J&K at large which is having its own set of challenges.
“And it has indeed been a great honor for me to be here today in the company of Chief Commissioner Narinder Singhji. We hope that we can explore more possibilities of associations and interactions in the future as well.”
During the occasion, the Chief Commissioner IT Department felicitated the Chairman by presenting a memento amid a round of applause from the audience.
Earlier in his presidential address, Chief Commissioner Narinder Singh spoke in detail about the need of paying taxes voluntarily to the government.
He said, “People need proper roads to travel, hospitals for healthcare, educational institutions, courts to dispense justice and other such organizations for various public welfare issues. And to do all this government needs money which comes from different kinds of taxes. Income Tax is one of these. So if we really want to avail the best public facilities for our socio-economic well-being we must pay our taxes readily and fully.”
“The purpose of celebrating this day is to meet the people and listen to their problems and devise means and ways to solve those. It is an occasion to communicate the rules and laws of taxation besides conveying the paradigm shift in the entire process from tax calculations to tax collection made hassle-free and easy by the use of technology”, he added.
Highlighting the importance of J&K for the IT Department, Chief IT Commissioner said, “J&K is a special concern for our department and we always want to make it hassle-free and harassment-free for all taxpayers in the state. J&K will soon have an Additional Commissioner besides a separate Commissioner Income Tax (Appeals). We have extended our total support to the state during last floods and shall continue to do the same in times of need.”
The function concluded with a vote of thanks delivered by Income Tax Officer Srinagar Dharmendra Singh.
Notably, the practice of celebrating July 24 as Income Tax Day started in 2010 when the Income-tax levy became 150 years old. It was in July 1860 when the first Income Tax Act was introduced by James Wilson who became (British) India's first finance member. And the purpose of celebrating this day is to propagate the significance of paying the tax and creating awareness among the public.
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Hello Jammu News at 8:54:00 PM 0


Srinagar, Jul 21: Taking forward its succession planning process at an unprecedented pace, J&K Bank today promoted its 578 Executives to Senior Executive level.
Only a month ago, the bank had promoted around 800 officers in Associate Executive cadre besides elevating Presidents, Vice-Presidents and Assistant Vice Presidents.
“During the last few months, we have seen more promotions than have happened over the last many years. For us the career progression of dedicated officers and workman staff is the single most important element of organizational health," commented Chairman and CEO Parvez Ahmed on the occasion.
While addressing to the promoted officers, the chairman said,  “The elevations come at a very challenging time and I expect them to embrace the challenges with an open mind and prepare themselves to deliver rather outperform their own self to live upto the demand of the work with sincerity, passion and undying commitment. I am confident and optimistic that together we shall add a new chapter of excellence and efficiency to the remarkable legacy of our Bank.”

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Hello Jammu News at 8:53:00 PM 0

Srinagar, Jul 21: While strengthening its physical infrastructure across the country, J&K Bank Chairman & CEO Parvez Ahmed today inaugurated the bank's guest house at Friends Colony, New Delhi. The inauguration of the state-of-the-art guest house was performed in presence of Executive Presidents, P. K. Tickoo & R. K. Chibber, President Abdul Rashid Shegan, Zonal Head Delhi (North) Fayaz Siddiqui, Vice Presidents and other senior officers of the bank.
Built upon a sprawling plot of land and christened as ‘JK Bank House’, the guest house is a subtle manifestation of the bank’s brand image that will continue to reflect and send a message across.
“There are two aspects that define the legacy of organizations. The Physical Infrastructure and the human capital. Physical Infrastructure is the primary aspect which conveys immediate presence of a Brand. It is like the first impression of an organization.” said Parvez Ahmed, Chairman & CEO, JK Bank after inaugurating the Guest House. 
The Chairman said, “The best institutions strive to create best assets and the intent behind this exercise is what message we want to spread across as to who we are! Our preferences speak volumes especially in a customer-centric business where we meticulously plan and strategize ways to up our Brand visibility and image. So this guest house will stand to continuously speak on behalf of us and create a positive impact for the Bank.”
“It makes a lot of economic sense today to strengthen our physical infrastructure as such investments keep on adding to our capital besides being in congruence with the practice of strong banks across the globe”, he added.
He further said, “In the near future, we also intend to have another guest house in and around Delhi for facilitating our staff. We are also setting up training colleges and recreation center for our staff and their families at Jammu and Srinagar which will go a long way in the development of the Human Capital of our bank who are the real driving force for this premier institution of J&K state.”
Delineating the strategy of the Bank, Chairman said, “ Though We have reoriented our strategic focus to the J&K state but in rest of India we will continue to act as the Brand ambassador of our state by acquiring the best in terms of retail & corporate business besides providing excellent customer service to strengthen the brand image.” 
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Hello Jammu News at 8:39:00 PM 0


Jammu, Jyly 11: JK Bank today announced that it will enter into an MOU with the Kashmir University to promote the Start Up Eco System in the Kashmir Valley by financing the incubated ideas of bright educated youth in the Kashmir University Incubation centre during their scaling up stage. The Chairman also announced contribution of Rs 1.00 Crore as part of its CSR initiative under the mutually agreed terms and conditions for facilitating the entrepreneurs with tools and equipments in the proposed Incubation centre. On the occasion Parvez Ahmed said, ”The Incubation centre being set up in the Kashmir university will encourage the local educated youth to take their first step in entrepreneurship with limited or zero risk and catalyze employment opportunities in future for the local population who otherwise have limited opportunities.”

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Hello Jammu News at 8:38:00 PM 0
Srinagar, Jul 11: J&K Bank today signed multiple agreements with Kashmir University in presence of Chairman and CEO Parvez Ahmed and Vice Chancellor Kashmir University Professor Khurshid Iqbal Andrabi. Dean Academic Affairs Professor Musadiq Amin Suhaf, Dean Research Professor Zafar Ahmad Reshi, and Dean Colleges Development Council Doctor Nelofar Khan, Bank’s Executive Presidents P K Tickoo, Rajesh Kumar Chhibber, Presidents, Zonal Head Kashmir Central, Vice Presidents, senior faculty members of KU besides administration officials and officers of the bank were also present on the occasion.
Registrar KU Professor Khurshid Ahmad Bhat signed both the Memoranda of Understanding (MoU) on behalf of the University while as President Abdul Rashid Shegan put in his signatures representing the J&K Bank.   
The first agreement was regarding the establishment of a building owned by the Bank housing its Business Unit along with a Digital Lounge within the university campus.
As per the second agreement, the University bestowed the bank with the Most Preferred Banker status for its all banking related services exclusively. According to the agreement the Bank also conferred the most favoured client status to the Kashmir University which entitles its employees to avail an array of special benefits and privileges including the bank’s unique product ‘Phone pe Loan’ wherein the client shall be entitled to a loan within just two hours of the call.
Notably, the bank has been revolutionizing the service delivery through its digital products and through Phone pe Loan offers quick Loan facility to special clients with least processing time and most importantly doing away with the in-person visit to Business Unit for any documentation. The purpose of the product is to meet any pressing financial requirement of the employees at a click of the button.
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Hello Jammu News at 8:37:00 PM 0
Extends Most Favoured Client status to the university
Lays foundation stone for the bank’s owned Business Unit-cum-Digital Lounge within the campus
Enhances financial support to Rs 10 Lacs for the financially weaker students
To expand the ambit of relations in all areas of mutual benefit and collective good

Srinagar, Jul 11: Today we have taken our relationship with this prestigious institution to the next level by conferring the Most Preferred Client status to the University of Kashmir besides laying the foundation stone of a modern banking center comprising of a Business Unit and a Digital Lounge within the campus. With a promising beginning like this, we will only scale up our operations here and expand the ambit of our relations in all the areas of mutual benefit and collective good.
J&K Bank Chairman and CEO Parvez Ahmed stated this today shortly after the Vice-Chancellor Kashmir University (KU) Professor Khurshid Iqbal Andrabi in his presence laid the foundation stone for the construction of bank’s own Business Unit and Digital Lounge within the campus of Ka shmir University.  Those present on the foundation stone ceremony included Registrar KU Professor Khurshid Ahmad Bhat, Dean Academic Affairs Professor Musadiq Amin Suhaf, Dean Research Professor Zafar Ahmad Reshi, and Dean Colleges Development Council Doctor Nelofar Khan, Bank’s Executive Presidents P K Tickoo, Rajesh Kumar Chhibber, Presidents, Vice Presidents, KU Faculty members, officials and other officers of the bank.
Chairman further said, “As a firm believer in the cross-pollination of ideas between the industry and academia, it has been a long-standing desire to strengthen our already deep ties with the Kashmir University further and we got a perfect opportunity today. Therefore I extend my gratitude to Professor Andrabi under whose leadership we have been allotted land for the establishment of this facility that opens a door for us to provide prompt, hassle-free and state-of-the-art banking services to the faculty, administration, and the students."
 “Alongside, we shall establish a state-of-the-art digital lounge within the premises to provide a world-class facility offering an immersive experience through an array of channels, self-service zone, information and interaction stations besides serving as a business lounge.”
He further said, “Since the inception of our relationship with the Kashmir University, our priority has been to understand your needs and expectations from J&K Bank in serving as your financial partner. I am glad that we have extended our unique product called ‘Phone Pe loan’ facility to the employees of the university.”
“We will also extend the support and counseling to the employees by way of organizing Financial Literacy Camps wherein we shall familiarize you with all of the various benefits and special facilities offered.”, he added.
Commending the authorities for having the university been ranked 47th among the 3000 universities recently by the National Institutional Ranking Framework, he said, “I compliment the entire team for this wonderful feat that places the Kashmir University among the top institutions in the country.”
 Reiterating the bank’s larger role in the state, Parvez Ahmed said, “I assure you that we shall continue to play a leading role in catalyzing the socio-economic development of the state.”
Speaking on the occasion, Vice-Chancellor Professor Khurshid Iqbal Andrabi said, “Mutual business interests don’t always result in forging partnerships. I think the motivation was slightly different here. With J&K Bank, we’ve always felt like a family and this sense of belonging with this bank played the key role besides the charismatic personal touch of the Chairman.”
“Today the bond has been made forceful and we are satisfied with this kind of intent and sense of belonging, which is the best thing anyone could offer us. Today I congratulate the Chairman and his team for bringing the personal touch into motion and making it all possible. It is through bonds like these that the two most prestigious institutions of the state can build a new future.”
He further asserted, “Its moral responsibility of all the institutions to cater to the requirements of Kashmir University for their own benefit because this institution nurtures and nourishes their much needed human resource.  Regardless of the dispensation here at KU, this institution is supreme as it imparts education. And I am certain that this relationship with the J&K Bank will further be strengthened in future as well.”
On the occasion demo presentations were made regarding the bank products ‘Phone pe Loan’ and ‘mPay’.
Earlier, in his welcome address Registrar, KU Professor Khurshid Ahmad Bhat said, “I feel proud in welcoming J&K Bank Chairman and CEO Parvez Ahmad who was instrumental in making the maiden public issue of the bank a grand success due to which the bank came into the real limelight at both the state and national level. This occasion is a big milestone marking the glorious relations and collaboration between premier educational and financial institutions of the state.”
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Hello Jammu News at 7:53:00 PM 0

SRINAGAR, JULY 11:  Crime Branch Kashmir received a complaint against one Mushtaq Ahmed Malik S/O late Sonaullah Malik R/O Argam Bandipora, the Senior Assistant in the office of Executive engineer, Electric Division Sumbal, who has supposedly drawn bills of the department amounting to Crores of Rupees and credited into his personal  account and the accounts of  his family  members in different Banks.
The suspect has managed  to transfer/credit an amount of Rs. 5 Crore 72 lacs and 52 thousands  in his personal Account number  and account numbers of his  family members  and earned an amount of Rs 43.82 lacs  as interest in the  Bank Accounts  operated  by him and his family members in different branches of  J&K Bank. The Bank Accounts  unearthed so for  stand frozen.
The said suspect has  been found to have  fraudulently drained  an amount of Rs.5 crore, 72 lacs and 52 thousands  from official account NO. 0089010200012 standing in the name of Executive Engineer Electric Division Sumbal, and credited/transferred dishonestly and fraudulently into 22 Accounts numbers  maintained and operated in the name of the accused and his family members.
The acts committed and omitted on the part of accused Mushtaq Ahmed Malik S/O late Sonaullah  Malik R/O Argam Bandipora, the employee of PDD Division Sumbal,  prima-facie disclose  commission of offences punishable U/S  420 RPC r/w5(2) P.C Act .Accordingly case FIR NO. 25/2018  was registered  in Police Station Crime Branch Kashmir..
During investigation  house search of  said  Mushtaq Ahmed  Malik Sr. Assistant PDD Electric Division Sumbal, was conducted at Argam Bandipora after obtaining proper search warrant from the  Court of  Anti-Corruption  Srinagar,
During the search of the  house in presence of Magistrate and  independent witnesses and lady contingent, important documents relating to the case  and appointment orders  of officials in PDD were recovered, besides other relevant  material  like  official seals and original  certificates of  some  un-related persons were also recovered.
The accused Mushtaq  Ahmed Malik  Sr. Assistant PDD Electric Division Sumbal,  has been taken into custody and is being questioned. Investigation of the case is going on and further searches & arrests  are expected.
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Hello Jammu News at 7:56:00 PM 0

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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Hello Jammu News at 7:54:00 PM 0

J&K Bank holds 80th AGM
Srinagar, Jul 7: Our market share in the state is around 65 pc but that doesn’t make us complacent in any way. In fact, to increase our outreach we are going to open 200 more business touch points in J&K by the end of current fiscal. The Bank is on track to realise the organizational goals aiming business of Rs 170000 Cr in the current financial year besides supporting the government’s agenda of economic development of the state.
J&K Bank Chairman and CEO Parvez Ahmed said in response to a question posed by a participant during the 80th Annual General Meeting (AGM) of the bank’s shareholders held here at SKICC.
On the occasion, Principal Secretary Finance Navin Kumar Chaudhary represented the J&K Government, which is the major stakeholder of the bank. The meeting was also attended by other Directors on Board of the bank including Yogesh Kumar Dyal, Azhar ul Amin, Mohammad Maqbool Rather, Mohammad Ashraf Mir, Dr Pronab Sen, Mrs Vijayalakshmi R Iyer, Dr Sanjiv Agarwal, Sunil Chandiramani, Dr Dhaman Kumar Pandoh and Rahul Bansal. The bank'sExecutive Presidents, Presidents, Vice Presidents and shareholders in a large number also attended the meeting.
Earlier, expressing his gratitude for their continuous trust, loyalty and unwavering support to the Bank, Chairman and CEO Parvez Ahmed appreciated the shareholders in his keynote address, saying, “Your presence is most valuable to us. Your support and trust is our prime strength and we hope to receive these along with your encouragement in the future as well.”
Providing an overview of the banking sector and Bank’s performance during the previous fiscal which he said, was beset with various challenges, Parvez Ahmed said, “The good news from the industry over the past year is that the pace, at which assets downgraded during last many quarters, has slowed down thereby resulting decrease in fresh NPAs, credit off-take is improving. Settlement of NPAs has seen a marked increase. Though we saw a challenging last quarter due to revised guidelines of RBI on NPA treatment including quashing the restructuring schemes leading to some major slippages across the industry, your Bank has shown resilience and registered a profit of Rs 202.72 Cr, CASA ratio of 50.89 pc, NIM of 3.65 pc, NPA coverage ratio of 65.83 pc and Net NPA of 4.90 pc.”
“The highlight of the year has been the focus on recovery through the dedicated Impaired Assets Portfolio Management (IAPM) vertical. During the FY total recoveries and up-gradations in excess of Rs. 3000 Cr have been effected (including write-offs) while actual recoveries and up gradations amounted to Rs. 1585 Cr”, he added.
Concluding his address with optimism, Chairman asserted, “For your Bank, 2018-19 will be a pivotal year in redefining itself into a strategically growing, technologically modern and operationally agile institution. We are determined to maintain market leadership in a rapidly evolving ecosystem and are aiming at Business beyond 170,000 Cr. I am optimistic that J&K Bank shall not have to face any untoward environment in the years to come and we will continue to focus on repairing the downgraded asset portfolio and reducing the pipeline of NPAs.”
After the address, Company Secretary Mohammad Shafi Mir read out the auditors' report, comments from C&AG and background for business items.
Voting on some agenda items was conducted both through ballot and electronically on the occasion.
Shortly before the conclusion of meeting, there was a brief Question-Answer session, wherein the participants raised many queries which were duly responded to by the Chairman.
While expressing their views on the occasion, some of the shareholders congratulated the Chairman and staff of the bank for the turnaround in the bank’s performance with their hard work and state focused strategy. They urged for continuing the handholding to the local industry besides financing the startups by the local educated youth.  
Chairman Parvez Ahmed concluded the AGM by acknowledging the support and guidance of all the stakeholders.
Meanwhile, the e-vot ing results on resolutions approved by the shareholders will be available on the bank’s websitewww.jkbank.net and www.jkbank.com by or before July 9, 2018.
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Hello Jammu News at 8:12:00 PM 0


Srinagar, July 03: J&K Bank Chairman and CEO, Parvez Ahmed, today laid the foundation stone of the bank's Staff Training Institute and Recreational Centre at Gol Gujral Talab Tillo Jammu in a simple but impressive function. The stone was laid in presence of Directors on Board of the bank, D.K Pandoh, Rahul Bansal and Executive President, R.K Chibber. Senior working and retired officers of the Bank and a number of  local residents were also president on the occasion.
The Bank is constructing a modern residential staff training institute equipped with an advanced e-lobby, lecture halls, administrative block, conference rooms, library, computer rooms, an auditorium, hostel, and faculty residences. The Recreation Centre being constructed for the serving and retired staff and their families shall have tennis and badminton courts, Bank club and a guest house.
Expressing deep appreciation for the staff, the chairman & CEO Parvez Ahmed said, “Continuous learning and embracing change are the key skills to succeed in current dynamic environment, be it businesses or society at large. Today’s foundation ceremony finds its roots in this very thought and manifests our long cherished vision into reality. The inherent strength of this organization has always been the dedicated and passionate human capital of JK Bank family. We recognize the undying spirit, resilience and hard work of our staff, therefore, to strengthen this family by capacity building with creation of the best avenues of continuous learning is the perfect way to enhance their potential and make the organization future ready.”
Speaking about the pattern and infrastructure of Staff Training Institute  and Recreation Centre, he added, “Knowledge is Power and investing in Knowledge and Skill Development is the peculiarity of best Institutions and Business organizations . JK Bank consistently aligns itself to best industry practices and this is a step towards re-inventing ourselves as per the changing firmament of Banking Industry. We have prioritized Trainings and skill development as the crucial aspects of Human Resource Development and taking it a step further towards excellence, we shall establish Staff Training Institute which will be equipped with every modern facility including residential provision for our people. The Bank has expanded manifolds in business and employee base over the years necessitating up gradation of our existing Training infrastructure. With setting up of this infrastructure all such requirements will be well taken care of and we aim to build a State of the Art facility which will boast of its uniqueness in the entire region. Furthermore, the current training programs and curricula shall also be aligned and re-organized to induct current practices, courses and specialized domain knowledge to impart the right skill at the right time!”
 He also asserted that exclusive focus shall be on imparting knowledge of financial technology to staff through a fully equipped Computer Lab Facility so that trainees can operate on a daily basis with technological ease and proficiency.
He further said that in order to promote a healthy work life balance, a Recreation Centre shall also be established beside the Staff Training Institute for both present and retired employees of the bank. He said that, “We believe that this centre will become a pivotal interaction space for staff and will be equipped with outdoor and indoor facilities, like gymnasium and library to offer the best in class recreation options for unwinding during the spare time. This facility represents our gesture towards people who work with untiring passion and exclusive devotion often giving little attention to amusement. We want to promote a healthy balance as learning and working is for life.”
Later in the day Chairman JK Bank accompanied by Bank’s Executive President visited the Bank developed and maintained Rajinder Park at Canal Road and planted saplings. Parvez Ahmed issued on the spot instructions to undertake renovation for an enhanced experience of the general public. He also announced creation of an open gymnasium facility, musical fountain in the park and quality food joints to make the place more attractive for the people.


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Hello Jammu News at 7:13:00 PM 0

PULWAMA, JULY 02: District Development Commissioner Pulwama, Ghulam Mohammad Dar, today chaired a joint meeting of bankers and sponsoring agencies to review the progress achieved under targeted schemes launched by the banks in collaboration with the line departments for the quarter ending March 2018.
The meeting was attended by LDO RBI, Cluster Head J&K bank and District Coordinators of all the banks, besides District officers, heads of all the line departments and representatives of sponsoring agencies.
Lead District Manager informed meeting that total credit deposit from all the banks operating in the district ending quarter 2018 stands at Rs 2020.69 crore, of which Rs 1445.71 crore (72 % of total credit) stands deployed under priority sector lending and Rs 574.98 Crores (28%) under non-priority sector.
Credit Deposit Ratio at the end of March 2018stands at 78.29 per cent, the meeting was informed.
Under Agricultural and Horticulture sectors, banks have disbursed an amount of Rs 541.28 crore to 16830 beneficiaries against the target of Rs 645.14 crore to 30502 beneficiaries. Of total achievements under agricultural sector, banks have disbursed an amount of Rs 456.50 crore to 15191 farmers /fruit growers up to March 2018 against the annual target of 382.10 crore to 25318 farmers.
Under medium small and micro enterprises banks have disbursed Rs 290.06 crore to 6242 beneficiaries up to ending March 2018.  
In the education sector, during the quarter ending March 2018, Rs 3.65 crore have been disbursed in favour of 244 beneficiaries against the target of Rs 9.76 crore to 244 beneficiaries resulting in achievement of 37% and 100% in financial and physical terms respectively.
On the occasion, the DDC said that Pulwama has a huge potential in export activities. "The need of the hour is to make aware the public who are involved in the export business like Saffron, Walnut, Apricot and other agricultural and horticultural products regarding the export lending facilities by the banks," he added. In this regard, he directed the concerned officials to organize a mega seminar where people can be made aware of the scope and benefits of export-oriented activities.
He expressed his displeasure over the dismal performance in export credit and sought detailed report in this regard.
The DDC stressed upon the bank authorities and sponsoring agencies to work in cooperation and cohesion to achieve the set goals, besides generation of employment for unemployed youth of the district. 
He directed for the establishment of a driving school for the girls in the district. He also asked all line departments and banks to conduct awareness programmes at village/ block levels to generate proper awareness among the people about various schemes launched by the government for benefit of the common people.
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Hello Jammu News at 5:19:00 PM 0


SRINAGAR, JUNE 28:  Chairman of J&K Bank, Parvez Ahmed, today called on Advisor to Governor, K Vijay Kumar.
          During the meeting, Parvez Ahmed briefed the Advisor about various initiatives taken by the bank for up-lift of weaker sections of society besides lending helping hand to the startups.
He also apprised the Advisor about the steps initiated by the bank for expanding its services in rural areas, creating awareness about banking in rural areas besides increasing its infrastructure.

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Hello Jammu News at 8:17:00 PM 0

REASI, JUNE 27: The three-day historic Agar Jitto Mela started here today attracting a huge number of local devotees and pilgrims.
The festival was inaugurated by Deputy Commissioner Prasanna Ramaswamy G in the presence of senior police and civil officers, members of local committee and a large number of civil society members.
The inaugural day witnessed a colourful cultural programme featuring folk dance, skits and plays depicting the life of Baba Jitto, local folk and message to fight social evils. The programme was presented by students of educational institutions and local artists.
The departments of Agriculture, Horticulture, Handloom, Sericulture, Industries, Floriculture, Tourism, Employment, Rural Development, J&K Bank and JKEDI have set up stalls to educate people about government schemes and display their products.
After paying floral tributes to Bawa Jitto and complimenting the visitors, especially pilgrims from across the country, the DDC said, “Such festivals provide an opportunity to people to be part of rich cultural heritage of the region and strengthen the bonds of brotherhood and communal amity.”
The 3-day event will witness staging of Dogri play “Baba Jitto” by Natrang theatre group on June 28 and June 29, besides traditional Dangal on the last day.
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