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âServing to empowerâ The Daily Excelsior publishes since of the excerpts of the interview of Chairman & Managing Director J&K Bank R K Chhibber DE: At the outset, for our younger audience, we would like you to begin with the genesis of J&K Bank. How did it come into being and who founded the bank? JKB CMD: It was in the late 1920’s, when Maharaja Hari Singh assessed that lack of access to credit was the main reason for economic backwardness of Jammu and Kashmir, and conceived the idea to establish a kind of State Bank for J&K. Subsequently, Sir Sorabji N. Pochkhanawala, the then Managing Director of the Central Bank of India, was approached to suggest the frame-work for such an entity. ....
Excelsior Correspondent SRINAGAR, Dec 12: Over three lakh sixty five thousand accounts in J&K have benefited from the first tranche of relief released by the UT Government under its Business Revival Package for the eligible businesses affected by the ongoing COVID 19 pandemic and the restructured accounts of 2014-floods and 2016-disruption. As the leading bank, J&K Bank alone has received Rs 222 crore out of the Rs 250 crore released by the Government in its first tranche so far out of Rs 950 crore sanctioned for the banking sector. The bank has already passed the amount of Rs 222 crore as relief to 2.61 lakh eligible beneficiary accounts. Meanwhile, other banks operating in the region have released over Rs 27 crore to 1.04 lakh beneficiary accounts. ....