J&K Bank, KEA Form Joint Committee to ‘Streamline’ Business Environment

SRINAGAR: J&K Bank constituted a Joint Consultative Committee, with members from both J&K Bank and Kashmir Economic Alliance (KEA), to identify the problems facing the business community and later work out the possible solutions to make business further a hassle-free venture in the J&K state.

The committee was announced after the Kashmir Economic Alliance (KEA) members interacted with Mushtaq Ahmad, Chairman and Chief Executive Officer here today at the Bank’s Corporate Headquarters. The Joint Consultative Committee would be headed by Executive President of the Bank, Abdul Hamid Banday as chairman of the committee having members from KEA and the bank. The members from KEA include Mohammad Iqbal Tramboo, Siraj Amad, Showkat Ahmad Chowdhry, Sheikh Mohammad Yousuf, Manzoor Ahmad Bhat, Bashir Ahmad and Mohammad Azim Toman. The bank would be represented by President Nayeemullah (Convenor of the committee), Vice presidents A. K. Pandita and Vaqar-ul-Mullack Nazki and Assistant Vice President Manzoor Ahmad Rather (Member Secretary of the Committee).

While interacting with the representatives of the KEA, Mushtaq Ahmad, Chairman & CEO of the bank said, “The emotional attachment of the people of the state with the Bank though being a major strength was posing a challenge in terms of meeting the huge expectations that people have with us.”

While underscoring the need for being genuine in venting expectations and raising demands, he further stated: “We value with great reverence the emotions and expectations of the people of J&K, but we must understand institutions do not run on meeting of expectations alone.  We have to be reasonable and judicious in making decisions to ensure interests of the organization that we all love so much do not get hurt.”

Amongst various issues, concerning traders and specific industry, that came up for the discussion included interest rate, timely disposal of credit proposals and improvement in customer services.

Chairman KEA apprised the Chairman J&K Bank about the concerns of the business committee of the valley particularly in regard to rate of interest.

While Chairman J&K Bank reiterated Bank’s position of according top priority to J&K, he assured his full cooperation to the business community. “We will do whatever we can to create a better financial atmosphere for you to work and prosper” he said.

Others who were present on the occasion included Abdul Hamid Banday, Bank’s Executive President, Shafat Ahmad Banday, Nayeem-ullah and P K Tickoo, Presidents of the Bank, Zonal Heads of Kashmir Central, South & North, Vice Presidents from Advance etc.

Besides, Mohammad Yasin Khan, Chairman KEA, others who represented various trade and industry bodies include Mohammad Iqbal Tramboo Vice-Chairman, Siraj Ahmad, Chief Spokesperson, Manzoor Ahmad Bhat, Vice President, KTMF, Farooq Ahmad Dar, General Secretary J&K Contractors Coordination Committee, Mohammad Azim Tuman and Ghulam Mohammad Pakhtoon of Houseboat Owners Association, Showkat Ahmad Chowdhry, President Hotel & Restaurant Owners Association, Bashir Ahmad, President Kashmir Fruit Association, Mohammad Yousuf, General Secretary Kashmir Tourist Taxi Operators Association, Sheikh Mohammad Yousuf, President Kashmir Mini Bus Federation, Mohammad Yousuf, President Kashmir Motor Drivers Association, Mohammad Sidiq Ronga, President J&K Goods Carriers Transport Association.

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