Jammu & Kashmir Bank Limited : J&K Bank dedicates park to people at Anantnag Bank aims at huge expansion to create employment avenues - Chairman
06/03/2012| 03:21am US/Eastern
J&K Bank dedicates park to people at Anantnag
Bank aims at huge expansion to create employment avenues -
J&K Bank is a part and parcel of J&K's history, culture and
economy. It is an asset of the people, by the people and for
the people of J&K. Committed to play a pivotal role in the
economic empowerment of the people and overall economic
prosperity of the state, J&K Bank continues to contribute
towards development of the state of J&K and welfare of its
people. The initiative to develop and maintain parks, which
forms an important segment of our Corporate Social
responsibility, is aimed at providing means of entertainment
to the people of the state.
This was stated by Mushtaq Ahmad, Chairman & CEO, J&K Bank in
his address to a large gathering of people soon after he
dedicated Rani Bagh, the picturesque park developed and
maintained by J&K Bank, to the people of Anantnag today.
Notably, with Ranibagh, the number of parks developed and
maintained by J&K Bank has moved up to nine. The inauguration
was done in presence of Parvez Ahmad, Bank's Executive
President, while others present on the occasion included
Nisar Hussain, Additional District Development Commissioner
Anantnag, M S Wani, Bank's President, Ashiq Hussain Zaidi,
Bank's Zonal Head for Kashmir South and R.K Jaalla, SSP
Revealing the Bank's expansion plan, Chairman said that J&K
Bank is planning to reach out to the remotest areas and
unbanked segments of the state by pursuing a massive
expansion plan for next three years. "We plan to open 100
more branches during the current fiscal and shall soon be
advertising the posts of 400 plus Relationship Executives",
he announced. The expansion apart from benefitting the bank,
will enhance economic activity by increased circulation of
money, generate employment avenues and improve economic
empowerment of individuals.
Mushtaq said that Bank had worked out a comprehensive
strategy to bring into fold of finance more and more fruit
growers to discourage informal channels of financing which
will in turn result in arresting the trend of exploitation of
growers. "Under our recently launched Apple Project, we have
identified major apple producing segments and districts to
ensure maximum credit infusion in terms of both physical as
well as sectoral aspects", he said. Besides, credit
dispensation to other priority sectors like agriculture,
education and micro-credit will also be focused with
conviction to ensure we retain the title of leaders of credit
dispensation within J&K state. Parvez Ahmad, Executive
President of the bank, in his address said the J&K Bank
believes in concept of shared business dividends. "We believe
J&K Bank's growth is directly proportional to the financial
soundness and social and economic empowerment of the people."
He said, "Environmental protection, promotion of sports,
education, health and heritage preservation continues to be
our priorities while framing annual CSR budgets". Speaking on
the occasion Nisar Hussain, Additional DDC Anantnag hailed
the role of J&K Bank in economic development of the state and
people-friendly initiatives like revival of parks,
preservation of heritage, promotion of culture and sports.
"J&K Bank has come upto the expectations of the peoples'
trust. People here have always considered.
J&K Bank as their own bank and J&K Bank too has upheld the
spirit of quality service, social welfare and economic
empowerment at individual levels". Earlier M S Wani,
President, J&K Bank welcomed the guests and later the
function concluded with vote of thanks presented by Syed
Ashiq Hussain, Zonal Head.