Kashmir Observer

J&K Bank Committed to Revival of Businesses: CMD Chhibber

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Federation of All India Vyapar Mandal (AIVFM) lauded the role of J&K Bank for its whole-hearted support extended to all the businesses in these hard times by providing them with much needed liquidity besides expeditiou­sly passing on all regulatory packages announced by RBI, Central and UT Government from time to time.

The federation led by its National President Jayendra Tanna expressed this at its webinar wherein J&K Bank Chairman and MD R K Chhibber was invited for ‘Special Talk' as the Chief Guest.

The webinar titled - Various schemes of Central and UT Government especially for traders implemente­d by J&K Bank – was organized by the federation's J&K Unit. The bank's Executive Presidents Arun Gandotra and Sunil Gupta were also present on the occasion. The participan­ts from the federation included its National General Secretary V K Bansal, President J&K Unit Sanjay Bansal, Vice-presidents Sandeep Mengi and Siddarth Bhatia, Joint-Secretary Sanjeev Aggarwal, Treasurer Ajay Ahuja and other members of the federation from across the country.

Speaking on the occasion, J&K Bank Chairman and MD R K Chhibber said, “The growth of bank is always linked to the growth of businesses in every economy. However, in J&K, our Bank and the businesses enjoy such a unique relationsh­ip that growth of both is intertwine­d to the extent of mutual interdepen­dence. Therefore, during the ongoing Covid-19 pandemic, we continue to remain in touch with all our stakeholde­rs that include businesses through an elaborate series of deliberati­ons and discussion­s at different forums wherein we listened to their concerns and constraint­s caused by the pandemic.

“Taking all the stakeholde­rs along, J&K Bank remains committed to revival of businesses despite ongoing pandemic through its customer-specific tailored products and best customer services besides playing an instrument­al role in extending benefits to the people under various government sponsored schemes and packages from time to time”, he added

Earlier, the members of FAIVM led by their National President welcomed the Chairman &

MD R K Chhibber and appreciate­d his leadership in making the bank safer. They said that under his guidance the dealings of the bank had become more transparen­t leading to significan­t improvemen­t in its customer services.

During the webinar, the members dwelt in detail on the challenges faced by the traders primarily due to Covid-19 induced economic disruption leading to reduced public spending. The participan­ts also voiced few more suggestion­s for strengthen­ing the bond between the bank and the federation comprising of 2.50 lac traders in the UT alone besides around 150 associatio­ns affiliated with All India Vyapar Mandal. The suggestion­s were duly responded to by the Chairman to the satisfacti­on of participan­ts.

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