J&K Bank, the state-owned premier financial institution continues to remain committed to rendering uninterrupted services to all segments of the society. Additionally and significantly, all business operations at branches and offices of the bank remained unaffected; in other words, it is ‘business as usual’ at all outlets in Jammu and Kashmir and outside. This reassurance about the bank continuing to remain in ‘safe hands’ came from the bank’s Chairman and Managing Director, Rajesh Kumar Chhibber.
After having assumed responsibility as Head of the J&K Bank family, the Chairman assured to further strengthen bonding with esteemed customers of the Bank and vowed to work for the progress and prosperity of the state, bank and the customers.The Bank remains firmly committed to its motto ‘Serving to Empower’ and all stakeholders including the bank’s customers can stay assured of the bank’s stability and promise.
Expressing confidence about the bank’s future, Chhibber said, “The responsibility cast on me assumes even more significance in wake of the current scenario emerging in banking industry. We shall not only weather the challenges at hand but also put the Bank on a different pedestal with the committed support of all the concerned stakeholders which includes our dedicated workforce. We are going to overcome every obstacle and take this bank to newer heights,”
Elaborating further on his continued association with the bank, the CMD further states, “I have been part of this Bank for more than three decades now and I am abreast with the strengths of this esteemed institution which functions in a highly professional way yet maintaining the ethos and bonding of a large family. And when I talk of large family, I consider my customers as JK Bank family members.”
The CMD further reposed faith in the bank’s employees by stating, “The task, of course, is daunting but the proven level of talent, dedication, passion of our workforce and the established record of our accomplishments, so far, will certainly enable us to achieve our cherished goals.”
It must be noted that the bank reported a 129 % growth in net profit for the Financial Year 2018-19 at Rs. 465 Cr as compared to Rs. 202 Cr in the previous fiscal.In the March quarter bank has reported a profit of Rs. 214.80Cr as compared to Rs. 28.41 Cr in the corresponding quarter of FY 2018. Buoyed by strong retail credit growth, sale of partial stake in PNB Metlife and resolution of some large NPLs the totalincome of the bank rose to Rs.8487crore in the FY 2018-19 as compared to Rs.7116 Cra year ago.
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