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Encouragement to investment prime focus of J&K bank
12/23/2024 9:35:27 PM
Early Times Report
UDHAMPUR, Dec 23: A delegation from the PHD Chamber of Commerce and Industry (PHDCCI), Jammu Region Chapter, led by Chair Rakesh Wazir, met with Mr. Sunit Kumar, General Manager, Credit & Business Operations, J&K Bank, Jammu Division. The meeting, held in the presence of Zonal Head for Udhampur & Reasi Districts Zone Vinay Gupta and Cluster Head for Reasi District Raman Sood, focused on strengthening the industrial sector in Jammu & Kashmir through liberal financing and innovative financial solutions.
Sunit Kumar assured the delegation that J&K Bank is committed to supporting industrial growth in the Union Territory. He emphasized the bank's efforts to create employment opportunities by facilitating financing options and adopting measures to boost the region's industry. "We will leave no stone unturned to ensure the development of industries in J&K. Directions will be issued to expedite financing processes further, integrate new technologies, and introduce tailor-made schemes based on entrepreneurs' suggestions," he stated.
Rakesh Wazir highlighted the pivotal role of J&K Bank in the region, particularly in rural areas, where it remains synonymous with banking. He urged the bank to continue its legacy of supporting industries by providing liberal financing options. "Competitive interest rates on loans, reduced commission charges on EFTPOS machines, and financial schemes tailored to meet specific entrepreneurial needs are the need of the hour," he added.
The delegation also included PHDCCI Executive Committee members Sahil Aggarwal, Shashi Thakur, and Deputy Resident Director Kartik Singh. The delegation's suggestions were well-received by Mr. Sunit Kumar, who assured sympathetic consideration and concrete actions to address their concerns.
This meeting underscores J&K Bank's commitment to fostering economic development in Jammu & Kashmir, with a focus on supporting industries and entrepreneurs to drive growth and create employment opportunities in the Union Territory.
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