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Rs 278 cr package for 3 DCCBs of Anantnag, Baramulla, Jammu Big ticket borrowers to get Rs 135.43 cr Sanjeev Pargal JAMMU, Nov 20: Finance Minister Nirmala Sitharaman will announce major schemes and package for Jammu and Kashmir in tourism sector and three District Cooperative Central Banks (DCCBs) of Anantnag, Baramulla and Jammu during her two-day visit to the Union Territory on November 22 and 23 in which she will visit Srinagar and Jammu, the capital cities. Click here to […] ....
Govind Sharma JAMMU, July 16: Chairman and Managing Director (CMD) of Jammu and Kashmir Bank R K Chhibber today said that the Bank has recorded a significantly improved performance on most financial parameters despite all the odds and adversities. Chhibber claimed that the Bank registered highest ever quarterly profit of Rs 315.75 crore over last 7 years, restricted slippages for the Financial Year 2021 to below Rs 1000 crore despite getting a brief window after revocation of the asset classification restraint order by the Supreme Court and controlled gross NPAs below 10 % and net NPAs below 3%. “The Bank recorded respectable double digit growth in business in the UTs of J&K and Ladakh, comfortable provision coverage ratio of 81.97 % and maintained NIM above 3.50 % threshold despite squeeze on margins,” he added. Chhibber said it was a year of global pandemic and resultant lockdowns which threw the economies across the globe into recession but facing all odds, the ....