Friday, March 29, 2024
 
 News Details
RBI unclogs reshaping plan of banks
Parvez appreciates all stake holders for their worthy support



Srinagar, December 8, (Scoop News)-Reserve Bank of India today cleared the much needed restructuring proposal submitted by the State Level Bankers Committee through its convener, J&K Bank ltd.


Confirming the news, Convenor and J&K Bank chairman, Parvez Ahmed , expressed his gratitude to all stakeholders in general including business community, various trade and industry bodies who stood behind the Bank in its pursuit to achieve the desired objective. Parvez also in his special mention thanked Government of Jammu and Kashmir for its unconditional support by strongly recommending the proposal to Reserve Bank of India.


He informed that the Bank in order to ensure the approval of this package while risking its standing before concerned regulators deferred the announcement of its Q2 financial results much beyond its stipulated timeline so as to ensure respecting of concerns of cross sections of the society towards the impairment of trade and business activity due to prevailing circumstances in the state especially the parts of the Valley.


“The State Level Bankers Committee (SLBC) special meeting to adopt the package thus approved by RBI has been fixed for December 13th, 2016 and thereafter the contours and general guidelines of the scheme shall get circulated across the bank branches and offices.


The people in general and affected borrowers in particular are requested to approach their respective bank branches for same from 14th of this month and all member banks must complete the process of restructuring up to February 2017”, he added while thanking the RBI for its kind gesture towards the suffering business community of the state....
Share this Story
 
 
  Comment On this Story
 
 
 Back Issuesk Issues
If you are looking for Issues beyond today. You can simply use this calendar tool to view Issue of Scoop News for any particular Date.
   
 
 
 
 
 
 
 
 
© Scoop News, Jammu Kashmirr
Home || About Us || Advertise With Us || Disclaimer || Contact Us
Powered by Web Design Jammu