PHDCCI Kashmir Chairman Meets JK Bank CEO for Economic Development Talks

Srinagar : The PHD Chamber of Commerce & Industries Kashmir Chairman Mr A P Vicky Shaw and Co-chair Mr Himayu wani had a highly constructive meeting with Shri Baldev Prakash Managing Director & CEO of the J&K Bank Ltd .

The meeting, was focused on several key issues pertaining to the economic development of the region, particularly in the state of Jammu and Kashmir.

During the meeting, the PHDCCI Chairman felicitated the CMD of the J&K Bank and expressed gratitude for the opportunity to discuss pressing matters of mutual interest. The Chairman highlighted various concerns, including the need for an liberal and effective One-Time Settlement (OTS) Scheme, competitive interest rates for borrowers, the establishment of dedicated Small and Medium Enterprise (SME) business units, and the importance of fostering a corporate culture that prioritizes customer care, especially in rural areas.

The MD of the JK Bank attentively listened to the concerns raised by the PHDCCI Kashmir Chairman and assured a judicious assessment of each issue. Furthermore, the Baldev Prakash expressed a commitment to maintaining close consultation with the PHDCCI for the development of financial discipline among entrepreneurs, traders, and businesses in Jammu and Kashmir.

The PHDCCI Chairman appreciated the positive response from the MD and expressed optimism for a fruitful collaboration between the PHDCCI and the J&K Bank . The Chairman emphasized the significance of such partnerships in driving economic growth, promoting entrepreneurship, and creating a conducive business environment in the region.

Both parties agreed that fostering strong relationships between financial institutions and business organizations is crucial for the overall development of Jammu and Kashmir. The meeting concluded with a shared commitment to work towards the collective goal of empowering local entrepreneurs, encouraging innovation, and ensuring sustainable economic growth.(CNI) Current News of India

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