Achieving steady growth across all zones with stabilizing the growth model, J&K Bank has reported a net profit of Rs 72.47 crore during the third quarter ended December 31, 2017, and an overall profit of Rs 174 crore for the three quarters of FY 2017-18. The path of recovery is encouraging. The gross NPAs as a percentage of net loans by end of December 2017 fell to 10.08%, as against 11.84% as on December 31, 2016. In comparison to corresponding year period, net NPAs too fell to 4.29% of the net loans from 5.99% by end of the December. On YOY basis the credit portfolio has grown 28% from Rs 45086 Cr as on December 31, 2016, to Rs 57929 Cr as on December 31, 2017
Chairman and CEO of the bank Parvez Ahmad express confidence about the growth part of the balance sheet and says there is incremental credit growth of 16%. However, he adds provisioning pressure will remain for a few more quarters.
As the State Human Rights Commission got a face after a long wait and started working, the chief minister of state Mehbooba Mufti has said the commission has no jurisdiction to probe human shield case. She was referring to Farooq Ahmad Dar, who was tied with ropes on the bonnet of an army vehicle (Rakshak) on April 09, 2017. The SHRC had directed the state to pay a compensation of Rs 10 lakh to the victim Dar, which the state denied. CM Mehbooba has said the FIR stands registered with the local police under No 38 of 2017 under sections 342, 367, 506 RPC, but the investigation is yet to be concluded.
As the news spread about the missing of 27-year-old Tariq Ahmad Malik, a resident of Kalaroos, Kupwara on December 26, 2017, the tensions were apparent. Police swung into action and made few arrests. As the investigation continued, there was no news of Malik, a goldsmith by profession operating from Sopore. Police had apprehensions that he was murdered before his body was dumped. Finally, after 36 days, his body was spotted by a local fisherman floating over the water near the river bank in Sopore.
Cordon and search operations are a new norm in south Kashmir, but this time it turned dark for a 15-year-old Sahabnum Shabir, a resident of Goosu, Pulwama when government forces allegedly fired pellets at him during a crackdown in a neighbouring village. The minor, a student of class 8th, was reportedly playing in the neighbouring Choye Kalan village with his friends when forces fired pellets towards him leaving him unconscious. Doctors treating him said the injury due to pellets has put impact on his optic nerve.
Sairah Zahoor, a 7th class student of Delhi Public School, Srinagar, has received the state award under Outstanding Sports Person category for her excellent performance in Thang Ta martial arts on Republic day of India. The award consists of a cash prize of Rs 51,000, a medal and a citation.
The NIA has cleared all nine persons, arrested in November, 2017, with over Rs 36 crore in old currency notes in connection with alleged Kashmir funding case. The arrested included Jammu and Kashmir residents Umar Mushtaq Dar (Pulwama), Shahnawaz Mir (Srinagar) and Majid Yousuf Sofi (Islamabad) as well. But the NIA has rejected the bail application of a freelance photojournalist, Kamran Yusuf, before Additional Sessions Judge Tarun Sherawat, saying the allegations leveled against him were “serious”.
As the border tension is escalating in the Jammu region with killing of at least 13 civilians, the latest victim became 12-year-old Muhammad Iqbal, who lost both his hands, right eye and one of his leg might not work properly. He was hit n Keri sector on January 13, 2018, when a mortar shell landed near his house, where he was playing. His father Muhammad Rashid, a resident of Poonch, rues government apathy as he washes dishes at a local Dhaba outside the hospital premises to meet the medical expenses of his son as well as food to feed him.
JK owns 1251 kanals land in Haryana, 173 kanals in Delhi, 20 kanals in Mumbai