SRINAGAR, JANUARY 07: The Kashmir Chamber of Commerce & Industry (KCCI) met with the newly appointed MD and CEO of Jammu & Kashmir Bank, Amitava Chatterjee, at the bank’s corporate headquarters in Srinagar.
The KCCI delegation, comprising Senior Vice President Ashaq Hussain Shangloo, Secretary General Faiz Bakshi, and Past President Mushtaq Ahmad Wani, congratulated Chatterjee on his new role and extended their full support to the bank’s efforts in fostering economic growth in the region.
Highlighting the bank’s significant role, KCCI noted, “J&K Bank has been instrumental in the development of trade, commerce, industry, and allied sectors, as reflected by its over 90% banking share across 840+ branches in Jammu, Kashmir, and Ladakh.”
The delegation also discussed the challenges faced by businesses due to events like the 2014 floods, the unrests of 2008, 2010, and 2016, and the COVID-19 pandemic. Despite these adversities, KCCI emphasised the resilience of both the bank and its customers, pointing to the steady progress of the bank and the region’s economic growth. KCCI brought up the recently announced One-Time Settlement (OTS) Scheme, urging its implementation in a manner beneficial to both the bank and borrowers.
In response, Chatterjee assured the delegation of his commitment to considering their suggestions. “We will take necessary measures to ensure accelerated growth for businesses, the bank, and the region’s economy,” he said.