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This is an archive article published on August 31, 2012

J038;K bank exploring investment in the state

The locals should develop saving habits and avail various credit facilities available with the bank.

Unveiling its plan to further improve the Credit-Deposit Ratio by taking it to around 65 per cent,Jammu and Kashmir Bank has said it is exploring potential areas to invest in the state.

8220;We are seriously eyeing on agriculture,horticulture,handicrafts and entrepreneurship,8221; Jammu and Kashmir Bank8217;s Executive President Tafazal Hussain said.

He was speaking after inaugurating Bank8217;s new business unit at Chraripora-Pakherpora,40 kms from here,in Budgam district of central Kashmir yesterday.

Hussain said the bank planned to further improve the C-D Ratio by taking it to around 65 per cent.

Describing financial inclusion as Jamp;K Bank8217;s mantra,he said the bank was committed to contribute to the economic revival of the state.

He urged the locals to develop saving habits and avail various credit facilities available with the bank.

8220;By the efforts of the Bank and state government,RBI has finally extended interest subvention available under Kissan Credit Card KCC to Jamp;K Bank.

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8220;It is a wonderful product,available at highly subsidised rate of interest,as low as four per cent. So avail it to better your agricultural produce as it helps you meet

emergency financial requirements in a hassle free manner,8221; he said.

 

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