J&K Bank to Accelerate Credit Dispensation in Leh, Kargil


Srinagar – J&K Bank will reshape the economy of Ladakh region by redefining the Credit Deposit Ratio (CD Ratio) while targeting to achieve an incremental CD Ratio growth of 10% in the region. Special training camps have been going on there for the J&K Bank staff so that speedy credit dispensation in the region is ensured to revolutionise the local economies.

This was stated by Chairman and CEO J&K Bank Mushtaq Ahmad, who visited Leh to take stock of business situation in the Ladakh Zone. The chairman was accompanied by the Executive President, Parvez Ahmad.

“We have already zeroed in on various sectors of the local economy that offer a definite scope and scale for expansion. The zone would extend hassle free and liberal finances for the genuine and viable local initiatives aiming at the individual and collective welfare, development of the people of Ladakh zone,” said Mushtaq Ahmad.

The chairman said, “People’s financial empowerment is our core mission. Education is the first step towards such empowerment and we will help generously the needy children taking this step forward with confidence.”

While elaborating bank’s CSR initiatives planned in the moonland, he promised the Bank promised would develop and maintain a sprawling park in Leh which would be completed during next financial year. “The intention is to provide an opportunity to the tourists to prolong their stay. The proposed park would turn out to be a picnic spot for the locals in the region”, he said.

Notably, the Bank has developed a chain of such parks across the state for cultural and social interaction besides developing these as sites of ecological preservation.

It’s worth mentioning that the Bank has 22 Business Units and 12 ATMs currently operating in Leh and Kargil.

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