SRINAGAR: Adding another feather of excellence to its cap, the Jammu and Kashmir Bank won the ‘Best MSME Bank’ Award at the MSME Banking Excellence Awards (2023) organized by the Delhi-based Chamber of Indian Micro, Small and Medium Enterprises (CIMSME).
The Bank also received the Second Best Award for Promoting Government Schemes under the ‘Private Bank’ category in the country.
MD and CEO Baldev Prakash received the prestigious award at the event, graced by Justice Deepak Verma and President (CIMSME) Mukesh Mohan Gupta, alongside the Bank’s General Manager (Credit) Ashutosh Sareen, held in New Delhi.
Dedicating both awards to the commitment of Bank staff, MD and CEO said, “I feel proud to attribute this achievement to the entire JK Bank Family, whose ever-growing commitment to fostering entrepreneurship and economic growth continues to be acknowledged and appreciated at prestigious forums like these in the country.”
“These awards will further boost our motivation to continue our mission of empowering MSMEs and broadening socio-economic development across our operational geographies,” he said.
Highlighting the Bank’s contribution towards encouraging inclusive growth in the MSME sector, MD and CEO said, “In terms of contribution towards MSME sector, our numbers speak louder than our words. We have always been on the forefront of creating employment opportunities in the sector and have robust numbers to encourage the MSME growth in the country.”
“As of now, JK Bank has over 3.61 lac accounts in the MSME segment with an exposure of over Rs 19,000 Crore, out of which 75000 MSME units are led by women that involve the funding amount of over Rs 2000 Crore,” he added.
Notably, the Bank had earned the ‘Best MSME Bank’ Award last year as well.
