KL Report
Srinagar
While embarking upon its mission to reach to the unreached, J&K Bank today opened its 667th Business Unit (B.U) for public at Paanzan, Chadura in District Budgam. Finance Minister Abdul Rahim Rather who inaugurated the Business Unit said, “J&K Bank has scripted tens of thousands of individual and collective success stories across the state and has been at the forefront of economic development of the state since long.”
As per a statement the minister thanked the Bank leadership for extending banking and financial services to people of far flung areas thereby helping in the overall economic development of the state. He impressed upon the people to co-operate with the bank for their own betterment by availing the various services, products of the bank and repay their loans in time.
Speaking on the occasion, Bank’s Vice President said, “Our mission is to empower the society at grass-root level irrespective of its location across the state.”
That is why the Bank is expanding deeper into the rural areas and extending world class banking services to the people so that their basic economic condition improves and they too participate in and benefit from the economic development, he added.
Giving a brief over view of the cluster Budgam he said, “This is 41st B.U in the cluster and 132nd in the zone. The cluster received 15000 KCC applications during the current financial year, out of which more than 11600 were sanctioned to the tune of Rs 69 crore as on date.” The CD Ratio of the cluster is 53%, he added.
