The Kashmir Economic Alliance Chairman Muhammad Yasin Khanhas hailed the Chairman J&K Bank Parvez Ahmed for over seven-fold jump inits net profit at Rs 214.80 crore in fourth quarter of the fiscal ended March2019.
In a statement, Khan who also heads the Kashmir Traders andManufacturers Federation (KTMF) said it was a significant development for thestate of Jammu and Kashmir in general and the business community in particular.
He hailed in particular the performance of CEO Parvez Ahmedin making the bank scale new heights of success.
Khan said the performance of the bank can even improvefurther if it is kept away from politicization. “J&K Bank is the collectiveasset of all the people of Jammu, Kashmir and Ladakh and it has been providingquality services to the people in general and business community in particularand we need to safeguard it for the collective economic prosperity,” Khan said.
Khan said the people of the state treat the bank as theircollective asset which needs to be separatedfrom politics.
The KEA Media Head Farhan Kitab said in the testing timesthe bank has been a main support for the business community which has beenstruggling to revive their operations since 2014 floods.