Friday, November 1, 2024
'JK Bank a great turnaround success story of UT: LG    Says from 1139 Cr loss in 2019-20 to 1700 Cr profit in 2023-24, J&K Bank has come a long way'
STATE / Thu, Oct 31, 2024 08:51 PM

JK Bank a great turnaround success story of UT: LG Says from 1139 Cr loss in 2019-20 to 1700 Cr profit in 2023-24, J&K Bank has come a long way


Associated News Bureau 

Srinagar, Oct 31 (ANB): Lieutenant Governor Manoj Sinha today addressed the J&K UT Foundation Day celebrations in Srinagar.

In his address, the LG listed the achievements registered in the Banking sector.

He highlighted that the J&K Bank was one of the greatest turnaround success stories of the UT, according to the associated news bureau (ANB).


Sinha said in 2019-20, the bank has reported a loss of Rs.1139 Cr. It reported a profit of Rs. 1700 Cr in the year 2023-24. In current FY, J&K Bank clocked Rs. 991 Cr in profit.


On the occasion, the Lt Governor called upon the people to remain united, identify and isolate anti-national elements and those disrupting the peace.


The Lt Governor also spoke on the important role and contribution of Panchayati Raj Institutions, ULBs, and elected representatives in J&K’s development. He expressed hope that the Panchayati Raj elections would be held soon in J&K.


“My dream is to see that every family is prosperous. My dream is to see Faster development of the infrastructure, industries and fruits of growth reach the last person in the queue,” the Lt Governor said.

On the occasion, beneficiaries under different government schemes shared their success stories.


The event also featured impressive performances by the artists celebrating the rich cultural heritage of Jammu Kashmir.

Gulam Ali Khatana, Member of Parliament; B R Sharma, Election Commissioner J&K; Atal Dulloo, Chief Secretary; Administrative Secretaries, senior officers of Security Forces, Civil and Police Administration, and prominent citizens from all walks of life were present. (ANB)

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