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| J&K Bank opens 557th Business Unit at Maagam | | |  EARLY TIMES REPORT
SRINAGAR, Sep 24: J&K Bank today opened its 557th Business Unit at Court-road Maagam in District Budgam.
Executive President Tafazal Hussain inaugurated the BU amid a huge public gathering and in presence of Zonal Head Bashir Ahmad Lone, Cluster Head Budgam Vaqar-ul-Mulk Nazki.
On the very first day of inauguration, the BU opened 175 accounts and mobilized deposit amount of Rs 1.02 Crores.
Speaking on the occasion, Executive President said that he felt honoured to inaugurate the 2nd BU in Maagam which is among the major growing business centres of Kashmir valley in general and Budgam district in particular. “It has all the more importance to be on the path leading to famous international tourist resort of Gulmarg and can also be developed as a feeder to rural tourist resort,” he said.
Congratulating the people in general and of the area in particular, he said, “While doing this, we feel proud of your association and believe you will continue to be generous in your support and cooperation.”
Dwelling upon some of the details of Bank’s expansion policy, Tafazal said, “By 31st March, 2012 at least 135 additional BUs, which include 15 in district Budgam, will be opened across the state to provide financial services to more and more people and help develop the state economy in a better way”.
Earlier, Cluster Head Nazki while welcoming the guests said that J&K Bank believed in serving to empower people and make them self-reliant.
He said, “As business and trade activity is growing faster, the bank too is keeping pace with it through its expansion policy which paved the way for this 2nd B/U here in Maagam.”
The BU, he said, was established in a record time of one month.
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