FCIK delegation meets CEO J&K Bank

Srinagar, Nov 20: A delegation of the General Council members of the Federation Chamber of Industries Kashmir (FCIK) met with the CEO and MD of Jammu & Kashmir Bank today to discuss critical issues faced by the business community.

A statement said that the delegation was led by Muhammad Ashraf Mir, a member of the FCIK Advisory Committee, and included the Presidents of IGC Lassipora, Shaltang, and Rangreth industrial estates.

During the meeting, which lasted over an hour, the delegation engaged in a detailed discussion on various bank-related matters impacting the region’s industrial and SME sectors. Special emphasis was laid on NPA-related issues and the need for categorising of accounts to ensure appropriate and tailored treatment based on the financial and operational viability of each account.

Specific grievances raised by FCIK members were also addressed on the spot. The CEO of J&K Bank assured the delegation of a positive change in the bank’s approach towards its clients, emphasizing a more empathetic and case-specific handling of issues.

This assurance was well-received by the FCIK representatives, who expressed hope for the bank’s proactive role in supporting businesses and fostering a client-friendly financial environment, the statement said.