Srinagar, Apr 26 2020
J&K Bank has adopted a proactive approach of the bank in dealing with the issues arisen due to the Covid19 pandemic. Specially constituted executive level committees have been set up to monitor the situation and to take decisions to address the pressing issues right from the inception of this global issue.
The bank has been in full business continuity mode and main focus has remained on addressing the immediate challenges of protecting our employees from the pandemic while providing much needed continued services to our customers. Steps ranging from providing sanitizers, disinfectants, to providing mobile ATM vans in red zones, looping in of Banking Correspondents, and timely extension of concessions from the regulator have been part of the major initiatives undertaken by the bank.
Long before the outbreak of current pandemic, J&K Bank had reconstituted almost its entire board of directors that now includes highly experienced professionals, experts from different yet significant spheres of financial world; who bring a wealth of knowledge and knowhow about contemporary banking to the board. Moreover, the bank had also embraced a culture of transparency due to adoption of CVC guidelines and implementation of the RTI Act. So the institutional health of the bank is sound and in safe hands of 12000 strong JK Bank family. The bank is functioning as per its laid down institutional guidelines.
This was stated by the Chairman and Managing Director of the bank Rajesh Kumar Chhibber while speaking about the institutional health of the bank and the steps taken for tackling the issues that have emerged in the wake of global pandemic that has beset the world at the moment.
“The Covid19 pandemic has brought the entire life globally to a grinding halt while processes stand disrupted everywhere; so is the country’s situation. However, the financial system led by the RBI is very much taking all necessary steps to ensure business continuity. Here, as the premiere financial institution of the region, J&K Bank has also chalked out a detailed plan not only to keep the business continuity intact during the pandemic but has adopted a proactive approach to address the immediate as well as its long-term effects on borrower segments and business sectors in the UT. Besides we are ensuring that our customers do not face problems while availing all our services.
The Bank also stands ready to roll out a recruitment drive, in a short time, with significantly larger number of posts as compared to the earlier one that was quashed.”, the CMD added.
Commenting on the yet-to-be-formally-confirmed appointment of the allegedly non domicile candidate for the post of CFO, the CMD said that the appointment process had been started before the introduction of the recent domicile law and as of now the appointment has been put on hold after keeping in view the interests of the domicile candidates of the UTs of J&K and Ladakh, and would be reviewed accordingly.
Notably the bank has also re-advertised the post of Managing Director where applications have been invited only from eligible domicile candidates of the UTs of J&K and Ladakh.
