Kashmir

Governor advises JK Bank Chairman to clean bad debts

Srinagar: Governor N N Vohra on Thursday ‘advised’ Parvez Ahmed, Chairman Jammu and Kashmir Bank, to clean up bad debts.

Ahmed called on Governor N.N. Vohra, at the Raj Bhavan here and apprised the Governor about the steps initiated by the Bank in the past year for expanding its services, increasing its infrastructure and promoting digital economy, read an official statement issued here by the state information department to GNS.

The Governor reiterated his concern about the need for the Bank to provide targeted financial support to identified segments of the State’s economy, especially under the Pradhan Mantri Mudra Yojana, and stressed the Bank’s high responsibility to play a pivotal role in speeding up the growth and development of the State, it said. He advised Chairman Parvez Ahmed to consolidate the Bank’s functioning on every front and clean up all bad debts,” the statement added.

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