JKBC welcomes J&K Bank’s OTS scheme for NPAs
Srinagar, 21 Jan : Jammu Kashmir Business Confederation has welcomed the announcement of a special One Time Settlement (OTS) scheme for NPAs account holders Launched by J&K Bank.
Co Convernor JKBC, M Altafdar Rajbagh in a statement said “ J&K Bank’s new scheme will ease out the difficulties of the business units who are under financial distress. We are hopeful that bank management will keep the present Covid conditions in consideration and give ample time for applications and repayments of OTS.”
Baldev Prakash MD & CEO launched the J&K Bank’s Special One Time Settlement Scheme for NPAs accounts recently at the Bank’s corporate headquarters in Srinagar.
Co Convenor M Altafdar Rajbagh Said That J&Ks Account Holders Distressed NPAs Have Been Desperately Expect For.
“The timely decision of special OTS launch by the Baldev Prakash, managing director and CEO of JK Bank will provide an opportunity to all business community members, transporters, hoteliers, industrialists to keep the business momentum going,”
M Altafdar Rajbagh said.
JKBC- Jammu Kashmir Business Confederation is Sure That Appointment Of Baldev Prakash As The MD & CEO Of J&K Bank Will Enable The J&K Bank To Continue In it’s Endeavor in Retaining Their Premiere Position Among The Financial Institutions Of India. & Would Take J&K Banks To Newer Heights. JKBC – Jammu Kashmir Business Confederation Co Convenor M Altafdar Rajbagh Said That J&K Bank Being Premier Bank Of J&K Should Also Announce Special Package /interest Waiver For The Small Traders & Whole Business Fraternity That Has Been Badly Hit During The Past Many Years. M Altafdar Rajbagh believe Kashmir Has Huge Potential For Business, Central Govt, LG Administration And The Banks Should Work Out More Opportunities And Avenues For The Local Trader /Businessman To Avail These Opportunities So That They Could Tide Over These Depressing Times. JKBC- Jammu Kashmir Business Confederation Co Convenor M Altafdar Rajbagh Said That Mr Baldev Prakash Is Now Custodian Of J&K Bank And Under His Dynamic Leadership whole Business Fraternity Of J&K is Confident That He Would Take J&K Bank To Newer Heights. M Altafdar Rajbagh Urged The CEO & MD Baldev Prakash To Announce More Customer Friendly Schemes.