KCCI distances itself from statements about J&K Bank at CM’s meeting

By
Ziraat Times
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Srinagar: The Kashmir Chamber of Commerce & Industry (KCCI) today said in a statement that it was aghast over some social media posts “being circulated by some vested interests” mentioning the name of the KCCI about the performance of the management of Jammu & Kashmir Bank.

“It is unethical to include the name of KCCI in their posts in order to malign the Top Bank Management. This is unacceptable by any moral standards. In case some people feel aggrieved with the Bank management they should openly express themselves instead of hiding behind fake social media accounts. The KCCI issued public statements whenever it takes up any issue relating to the public in general and businesses in particular”, the statement issued to Ziraat Times said.

“A social media post mentioning KCCI having complained against MD/CEO Jammu & Kashmir Bank to the Chief Minister, Omar Abdullah, during its recent meeting held at Civil Secretariat is absolutely baseless. In fact KCCI while seeking announcement of a Special OTS Scheme without capping and restriction of tenure, in accordance with the MSME Norms, appreciated J & K Banks growth & performance during past few years and strongly advocated that the fruit of growth in Bank’s profitability should be shared with suffering account holders whose accounts had become NPA’s due to circumstances beyond their control viz 2014 -floods, 2016- turmoil, Covid-19, events of 2019 etc.”, the statement added.

The KCCI stands on its stand and demands that the Bank immediately stop publishing names of NPAs, serving possession notices and e/auctioning of the mortgage property. The KCCI once again strongly denounces social media posts which link its name with deliberations based on baseless information, the statement added.

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717 COMMENTS

  1. This is public money. A single paisa to spare for defaulters is unethical & injustice to honest customers of the bank. Penny apenny should be recovered from defaulters.

  2. Rightly said but bank and Industry Unit holders are one

    Then Earn from Us and we are telling him u earn but give some relief in shape Of OTS.

    Many unit are seized they want to work
    And pay yo bank

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