JK Bank CEO Assures Continued Support To Industrial Sector During Interaction With Entrepreneurs


SRINAGAR: J&K Bank’s MD & CEO, Baldev Prakash, engaged in a direct conversation with individuals associated with the industrial sector on Saturday. The interaction took place at the Industrial Growth Centre in Pulwama and involved representatives from the Industrial Association Lassipora, led by its president Haji Muzaffar. Accompanying the MD & CEO were senior officials of the bank, including General Manager Corporate Banking Ashutosh Sareen, General Manager Credit & Business Operations (Kashmir Division) Tabassum Nazir, Zonal Head Pulwama Tariq Ali, Zonal Head Srinagar Shabir Ahmad, and other high-ranking executives.

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President of the Cold Stores Association, Majid Aslam Wafai, along with dozens of entrepreneurs, participated in the interactive session conducted by the Industrial Association Lassipora, representing hundreds of unit holders housed in one of the leading industrial centers of North India.

During the session, MD & CEO assured the participants of the bank’s continued patronage and handholding to the industrial sector within regulatory norms. He stated that establishing large credit units with dedicated and well-trained relationship managers was a step in the direction of easing and facilitating business for entrepreneurs. He further insisted that the turnaround time of credit proposals would be minimized further with the introduction of more digital platforms. He stated that it was time for the bank and the industrial sector to join hands to take the economic prosperity of the UT to another level.

Haji Muzaffar, while calling J&K Bank “Humara Apna Bank,” said, “It gives us immense pleasure that you have come to listen to the people who consider J&K Bank as their own bank and J&K’s backbone. We have gone through thick and thin, but our trust and connection with J&K Bank hasn’t dwindled a bit.” He added, “However, we expect J&K Bank to realign some of its strategies to keep pace with changing scenarios in the industrial sector.”

Majid Wafai hailed the bank management headed by MD & CEO for giving a patient hearing to unit holders. He stated, “Our units wouldn’t have materialized had there not been financial support from J&K Bank. The majority of us are first-generation entrepreneurs, and J&K Bank has guided and supported us in setting up these units. Our successful journeys are synonymous with J&K Bank, and it gives us heart and hope that our mentoring financial institution has embarked on the path of renewed success and profitability.”

During the interaction, General Manager Ashutosh Sareen highlighted various steps taken by the bank to encourage entrepreneurial excellence in the region. The session concluded with a vote of thanks by General Manager Tabassum Nazir, who stated that customer satisfaction was the cornerstone of the bank’s success.


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