J&K Bank rolls out special package for flood-hit businesses

Srinagar: Chairman J&K Bank, Mushtaq Ahmad Friday presented two dividend cheques worth Rs. 128.88 crores to Chief Minister, Omar Abdullah here.
Jammu and Kashmir State Government is the largest share holder of the Bank and owns over 53 per cent of the bank’s stock.
The chairman referred to the bank’s gesture towards flood-affected people and said that they provided relief material and ration to the affected people and organized medical camps for them.
He said that the Bank in a swift operation managed to make its branches functional in shortest possible time and so far over 90 per cent branches of the bank are fully functional.
Ahmad said that special package for affected industrialists, businessmen and traders has been approved which is being rolled out today.


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