{"id":88211,"date":"2025-05-07T20:55:52","date_gmt":"2025-05-07T15:25:52","guid":{"rendered":"https:\/\/www.khushalekashmir.com\/?p=88211"},"modified":"2025-05-07T20:55:52","modified_gmt":"2025-05-07T15:25:52","slug":"whatever-the-situation-banking-services-will-continue-in-jk-jk-bank-md-safety-is-our-priority-but-banking-services-must-go-on","status":"publish","type":"post","link":"https:\/\/www.khushalekashmir.com\/index.php\/2025\/05\/07\/whatever-the-situation-banking-services-will-continue-in-jk-jk-bank-md-safety-is-our-priority-but-banking-services-must-go-on\/","title":{"rendered":"Whatever the situation, Banking services will continue in J&K: J&K Bank MD “Safety is our priority, but banking services must go on”"},"content":{"rendered":"

Srinagar, May 7:<\/strong>\u00a0Amid growing concerns about the situation in Jammu and Kashmir, J&K Bank\u2019s Managing Director and CEO Amitava Chatterjee on Wednesday said that banking services will not get disrupted, no matter how challenging the circumstances become.<\/p>\n

\u201cOur top priority is the safety of our employees. But as an essential service, we are equally committed to making sure that people do not face any difficulty in accessing banking facilities\u201d, Chatterjee said in an exclusive conversation with (KNS).<\/p>\n

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He added that the bank has already issued clear directions in this regard following a review meeting.<\/p>\n

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He said J&K Bank has a robust Standard Operating Procedure (SOP) in place as part of our Business Continuity Plan. \u201cEven if all connectivity is lost, we will still be able to provide essential banking services,\u201d he added.<\/p>\n

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Speaking on the potential impact on the banking sector, the MD said that while the situation may affect tourism, the bank\u2019s direct exposure is very low. \u201cOnly 1% of our loan book is linked to tourism, including hotels and transport. So there\u2019s no major risk of loan defaults,\u201d he added.<\/p>\n

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He further highlighted the strong repayment culture among the people of J&K. \u201cEven during tough times, people here try their best to repay their loans. Only a small percentage went into default in the past,\u201d he said.<\/p>\n

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Addressing recent panic among the salaried employees, he said that the problem occurred because salaries were credited early in the month but loan EMIs were scheduled at the month-end, causing temporary defaults that affected their credit scores.<\/p>\n

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\u201cWe have now shifted the EMI dates and ensured that employees have enough liquidity in their accounts,\u201d he said, adding that CIBIL scores will no longer suffer. \u201cThis was a one-time issue, and it\u2019s resolved now.\u201d<\/p>\n

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He admitted that the issue could have been addressed earlier, but assured that steps have now been taken to prevent such incidents in the future. \u201cWe understand the concerns of these employees. What matters is that we\u2019ve taken the right step now,\u201d he said.<\/p>\n

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The MD expressed hope that the upcoming Amarnath Yatra would also help revive tourism and bring back confidence in the local economy.(KNS<\/p>\n","protected":false},"excerpt":{"rendered":"

Srinagar, May 7: Amid growing concerns about the situation in Jammu and Kashmir, J&K Bank’s Managing Director and CEO Amitava Chatterjee on Wednesday said that banking services will not get disrupted, no matter how challenging the circumstances become. “Our top priority is the safety of our employees. But as an essential service, we are equally committed […]<\/p>\n","protected":false},"author":2,"featured_media":86360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-88211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kashmir"],"_links":{"self":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/88211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/comments?post=88211"}],"version-history":[{"count":1,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/88211\/revisions"}],"predecessor-version":[{"id":88212,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/88211\/revisions\/88212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media\/86360"}],"wp:attachment":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media?parent=88211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/categories?post=88211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/tags?post=88211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}