J&K Bank starts full-fledged Treasury Operations Centre in Srinagar
STATE TIMES NEWS SRINAGAR: J&K Bank plays a very important role in the economic development of J&K State and the economic prosperity of the State is interwoven with the financial soundness of J&K Bank. It is an instrument of financial management in the state and this bestows a great responsibility on J&K Bank team. I congratulate the Bank for registering excellent profit growth for the last fiscal and we would like to see J&K Bank as one of the best banks in the country in future. This was stated by the Principal Secretary Finance, J&K Government, Dr Arun Kumar Mehta after inaugurating the bank’s relocated Treasury Operations Centre (TOC) from Mumbai to the state of art premises in the Srinagar, in presence of Chairman and CEO, J&K Bank Parvez Ahmed, members of the Bank’s Board of Directors, Bank’s Executive Presidents and Management team of the Bank. The Principal Secretary also advised the Bank to aim for improvement in the risk profile of Bank besides decreasing the NPAs keeping in view the systemic importance of the Bank in the state. He urged upon the operational staff to work passionately, simultaneously moving up the ladder of knowledge acquisition & capacity building besides living up to the huge trust reposed by the people in J&K on the bank. Speaking on the occasion, Chairman J&K Bank, Parvez Ahmed said, “The advancement of information technology has made geographies irrelevant and with latest IT infrastructure it is possible to seamlessly operate Treasury Operation from anywhere in the country. Considering this fact, the decision of shifting the Treasury to Corporate Headquarters was taken, so that better control, fast decisions coupled with a stable pool of resources would ensure transformation and evolution of Treasury into a vibrant profit making centre.” Thanking the Principal Secretary Finance and other members of the Board for their constant support and guidance in bank’s endeavours, the Chairman highlighted the critical role of the treasury towards realising Bank’s Vision-2022 by amplifying its profits besides enabling it to retain a stable pool of resources, made possible by its shifting to Srinagar. “It was not easy to manage such a task given the resources and logistics involved but with talent & execution skills of Team J&K Bank, coupled with the guidance of the Board and support of other stakeholders, the assignment was accomplished on time and in a hassle free manner. The Treasury will significantly contribute to the bottom-line of the Bank and help achieve it Vision 2022 earlier than expected,” he said. On the occasion, mementos were presented to retired Presidents Fazle Mehboob Gani, Mohammad Amin Mir, retired Vice Presidents Gulam Ahmad Bangroo, Bashir-ul-Islam, Mohammad Sultan Kaboo, Mushtaq Ahmad Mir, Aftab Ahmad Qazi, Khurshid Ahmad Fazili and retired AVP Mohammad Shafi Sheikh by the Principal Secretary Finance. Earlier, President Sunil Gupta welcomed the guests saying that shifting of the Treasury was part of the Chairman’s Vision 2022 and its shifting will go a long way in maintaining key financial ratios while adhering to set systems and procedures. Vice President Treasury Operations, Rakesh Kaul made a detailed presentation depicting organisational structure and workflow of Treasury Operations of the Bank and Assistant Vice President Treasury Operations, Raja Zaffar Khan extended formal vote of thanks.
Shilpa Shetty to be Punit Balana’s showstopper at LFW
‘Bhool Bhulaiyaa 2’ to hit screens on July 31, 2020
Religion and science don’t have to be divorced: Vidya Balan
Making ‘Mission Mangal’ was a big risk: Akshay Kumar
Walkathon held on ‘Healthy Aging, Strong Bones’
© 2017 State Times Daily Newspaper