Kashmir Indepth

J&K Bank conducts BLBC Meetings

Srinagar, Jul 26 : J&K Bank, which is the convener SLBC, today conducted four back to back Block Level Banker’s Committee (BLBC) meetings for the blocks Harwan, Khonmoh, Qamarwari and Srinagar to review the progress achieved in flow of credit to priority sector, sponsored schemes, financial inclusion and digital penetration during the quarter ended June 2019.

Prepare for the greatest experience after eating a nutritious breakfast. You will travel over some of the highest passes in the world on your adventure, and you will be greeted by ever-changing vistas of the desolate landscape. Stop at the café on Khardung-La Pass, the highest all-season motorable road in the world, and take in the scenery; you'll feel as though you're on top of the world. Upon leaving Khardung-la, the terrain changes to a white sand desert as you approach the Nubra Valley, which is home to the Nubra Sand Dunes. Visit the Diskit Monastery, the oldest and biggest monastery in Ladakh, which also contains a sizable Buddha statue, if time permits.

Convened by the Lead Bank Office Srinagar, the meetings were held at J&K Bank’s Zonal Headquarters and were attended by the concerned BDOs Assabah Khan and Mohammad Akbar, Lead District Officer RBI Vikram Dhanda, senior officers of line departments and branch heads of banks operating in the respective blocks of the district.

Besides reviewing the branch-wise achievements of these blocks during the June quarter, the credit plan for Qamarwari, Srinagar, Khonmoh and Harwan with targets disbursement of Rs379 Cr, Rs542 Cr, Rs206 Cr and Rs 236 respectively for the current financial year across various sectors was also discussed at the meeting.

Chairing the meetings Lead District Manager (LDM) Mohammad Muzzafar Wani urged the Banks and line departments to establish an effective communication and co-ordination mechanism so that the operational bottlenecks are proactively removed to give relief to the beneficiaries availing credit under various government sponsored schemes and help in quick disposal of the cases.

The banks were advised to ensure that the CD ratio of all the branches was brought upto the benchmark of 60% during the current financial year and priority sector lending is maintained above the prescribed 40% level besides meeting the targets of all sponsored schemes.

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