Srinagar, 21-Mar ;The Kashmir Chamber of Commerce & Industry ( KCCI) lead by its President Javid Ahmad Tenga held a threadbare meeting with MD/ CEO Jammu & Kashmir Bank Baldev Prakash today at the Banks corporate office, Srinagar and discussed the issues facing various sectors of economy viz a viz The Jammu & Kashmir Bank.The attention of CEO/ MD was drawn to the distressful conditions that prevailed in Jammu & Kashmir in general and Kashmir in particular since devastating 2014 floods , turmoil, shutdowns, restrictions , communication breakdown during 2016 , 2018,2019 and COVID 19 epidemic which dealt a crippling blow to the economy as a result of which handicrafts, trade, industry, commerce, tourism, horticulture, transport , education , health and other sectors fared extremely poorly. The CEO’s attention was drawn to the fact that despite these economic problems the businesses ensured that the dues of banks were paid back which is evidenced by the fact that NPA’s in the Kashmir valley both amount and number wise is far less than compared to other places. Moreover, it was impressed upon him that there are hardly any willful defaulters but defaulted due to circumstances beyond borrowers Control.
