#JKBank Archives | Kashmir POST

KCCI Urges J&K Bank to Lift Monetary Caps on ‘Karz-se-Mukti’ Scheme

January 2, 2025 Editor

KCCI Pushes for Unrestricted ‘Karz-se-Mukti’ Scheme to Aid Borrowers Srinagar, January 1: The Kashmir Chamber of Commerce and Industry (KCCI) has called on Jammu & Kashmir Bank to eliminate all monetary caps and ceilings from its recently announced special one-time settlement scheme, named “Karz-se-Mukti.” According to the Chamber, the scheme must operate without any upper limits to effectively address the diverse needs of borrowers across all segments of the business community. The existing scheme includes a ceiling of ₹5 crore, which the Chamber identifies as a significant impediment to its…

J&K Bank fires Chief Manager over security concerns

August 20, 2023 Editor

The Jammu and Kashmir Bank on Saturday dismissed an employee from service for allegedly being a threat to the security of the state. His services were terminated with immediate effect with an official statement informing that the decision was taken in view of allegations of Bazaz being a threat to the security of the state. He was working as a chief manager of the bank. In an order, the managing director of the bank stated that after the facts and circumstances of the case contained in the report received from…