Restructuring of stressed loans: KCCI expresses gratitude to CM Mehbooba, Dr Drabu

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Srinagar, The Kashmir Chamber of Commerce and Industry (Inc) president, Mushtaq Ahmad Wani, in a statement has conveyed his gratitude to Chief Minister Mehbooba Mufti, finance minister Dr Haseeb A Drabu and Chairman of J&K Bank Parvez Ahmad “for putting in their efforts to motivate and get the approval of RBI for restructuring of stressed loan accounts in the state which had resulted from the unprecedented halt of economic activity for the past five months.”

The spokesperson of KCCI said that “it will be a matter of solace and relief for the business community of which a large number of members were on tenterhooks living under the threat of turning their accounts into NPAs”.

The KCC&I has also expressed its gratitude to the Union Finance Minister Arun Jaitely and Governor, RBI Urjit Patel.

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