The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

Economic well-being ensures protection of core social values: J&K Bank Chairman

INS Desk by INS Desk
August 4, 2018
A A
JK Bank signals commencement of turn-around, posts net profit of Rs 30 Cr for Q1
Share on FacebookShare on TwitterWhatsappTelegramEmail

Srinagar, Aug 4: J&K Bank is the prestigious institution of state that always takes a lead role in promoting the various sectors of J&K economy. Since we are here deliberating upon the different aspects of poultry sector, I endorse the assertion made by the Chairman J&k Bank that there is a need for a specialised product that meets the financial requirements of the people related with this sector.

RELATED POSTS

AEJAK, ASMEA present memorandum of demands to LG Sinha

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

Proper security in place for Kheer Bhawani mela: IGP Kashmir

The Advisor to J&K Governor Khursheed Ahmad Ganai made these remarks while addressing a conference here at SKICC titled ‘J&K Poultry Sector – Spreading the Wings’, which was organized by Kashmir Chamber of Commerce and Industry (KCCI) in association with Kashmir Poultry Farmers Association & Jammu Poultry Association. He was the Chief Guest on the occasion.

“I will suggest that J&K Bank prioritizes this highly potential sector and encourage its promotion through a customized product. It would be highly beneficial for the sector if the product includes some insurance component also”, he added.

Principal Secretary to Government, Industries & Commerce, Shailendra Kumar talked about the mismatch between demand and supply of the poultry in the state.

He said, “The state consumes chicken, coming from outside the state, worth Rs 930 Cr annually. If the flight of these Rs 930 Cr outside is to be stopped, then we need to have the farms producing chicken of such worth within the state, we need investment of Rs 5000 Cr. And the investment of Rs 5000 Cr by the poultry farmers and entrepreneurs is possible in the state only by the support from J&K Bank.”

Earlier, in his address, Chairman and CEO Parvez Ahmed, who was also the Guest of Honour, asserted, “As we talk about the socio-economic development of the J&K state, which is close to our hearts; our collective moral and social values have a co-relationship with the bank because these core values have been essential to create the very conducive credit culture in the state.”

We owe it to a lot of hard work done by our earlier generations and it shines in today’s scenario where out of our Rs 32000 Cr credit in the state the level of NPA is only 3 percent as compared to the NPA level of around 8-10 percent which is prevailing in the banking industry at the national level. This is sufficient as an indication that our credit culture based on these core values is still very strong even after witnessing so much disturbance in the state and these values need to be preserved.”

Buy JNews
ADVERTISEMENT

“As we have a very weak social security system here, it is very essential that the sectors that have the economic potential are supported well. For, it is the economic well-being that ensures the protection of core social values of a society”, he added.

“As a bank, I assure you, we are more than willing to build and support the ecosystem around the poultry sector with forward and backward linkages. In this regard, we shall soon tailor customized products for different stakeholders in the poultry sector”, the Chairman said.

On the occasion, Chairman was presented with a memento as the guest of honour.

Previous Post

Financial Commissioner briefs Governor on the Dal Lake Project

Next Post

Kashmiris will defend Article 35A with the last drop of their blood: PSAJK, takes out protest rally

INS Desk

INS Desk

Related Posts

AEJAK, ASMEA present memorandum of demands to LG Sinha
Regional

AEJAK, ASMEA present memorandum of demands to LG Sinha

May 31, 2025
J&K has immense opportunity in tourism sector: PM Modi
Regional

‘Operation Sindoor’ India’s biggest anti-terror success: PM Modi in Bhopal

May 31, 2025
Take stern action against those violating law: IGP
Regional

Proper security in place for Kheer Bhawani mela: IGP Kashmir

May 31, 2025
Weather to remain cloudy till Oct 28
Regional

MeT predicts rains, gusty winds today

May 31, 2025
Sonamarg—Zojila road closed for traffic after fresh snowfall
Regional

After fresh snowfall, Mughal Road closed for traffic

May 31, 2025
Sanjeev Verma is new CEO, J&K
Regional

Sanjeev Verma is new CEO, J&K

May 30, 2025
Next Post
Kashmiris will defend Article 35A with the last drop of their blood: PSAJK, takes out protest rally

Kashmiris will defend Article 35A with the last drop of their blood: PSAJK, takes out protest rally

NC demands NIA probe into ‘security breach’ at Farooq’s Jammu residence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Juresalem Declaration: Kashmir witnesses anti US protests

Juresalem Declaration: Kashmir witnesses anti US protests

December 8, 2017
3 militants, 2 soldiers killed as Shopian gunfight ends

Bandipora encounter: Bodies of both militant recovered, identity being ascertained

September 21, 2018
5675 Kashmiri migrants provided govt jobs so far: MHA

5675 Kashmiri migrants provided govt jobs so far: MHA

December 12, 2023

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.