J&K Bank donates ~11 cr for flood relief in Kerala
Tribune News service
Srinagar, September 3
Chairman, J&K Bank, Parvez Ahmed on Monday presented a cheque of Rs 11 crore to Governor Satya Prakash Malik. The money has been donated by the bank employees as a contribution to the Kerala Chief Minister’s Distress Relief Fund.
Parvez told the Governor that the bank was in the process of establishing a network of 34 ultr a small branches to provide basic banking services to all 111 villages of Leh district.
The ultra small branch, named the JK Bank easy payment unit, is a step towards increasing the outreach in remote areas to offer basic banking facilities. It shall be a full-time operational unit and will be run by an assistant banking associate. The official will be supported by a banking facilitator to provide basic services such as deposit, withdrawal, fund transfer, loan repayments, balance inquiry, collection of forms for account opening and lead generation for loans.
The Governor asked the bank chairman to provide targeted financial support to identified segments of the state’s economy, including the craftsmen, weavers, artisans, horticulturists and entrepreneurs, particularly women self-help groups which have viable proposals to set up business units. He stressed the bank’s high responsibility to play a pivotal role in speeding up growth and development of the state.
He advised Parvez to consolidate the bank’s functioning on every front and clean up all bad debts.
