J&K Bank shall emerge better from current situation: Chairman assures investors, stakeholders


Srinagar, The Chairman and MD of the Jammu and Kashmir Bank, Rajesh Kumar Chhibber today reassured all stakeholders that the Bank’s business is not impacted in any manner by the recent developments and ongoing investigations undertaken by the State Anti Corruption Bureau (ACB). He further said that the Bank is a unique institution, one of the oldest private sector banks of the country with a majority stake of the government of Jammu & Kashmir. The Bank enjoys a rich legacy in terms of the emotional equity of people of J&K, which will continue to anchor its journeys towards summit of success. The Bank has strong fundamentals ranging from unmatched retail liability franchise, capital base and sustained profitability, besides other consistently improving financial indicators.

The Chairman said, “Bank has since its inception withstood multiple challenges especially the difficult business environment of the last 30 years and seen consistently growing business and profitability numbers with a one off exception of Financial Year 2017. The Bank draws its strength from its committed, emotionally integrated workforce, the brand and emotional equity it enjoys in the State of J&K and the unflinching support from the J&K Government all of which remains intact.”