KCCI seeks OTS, credit reforms from J&K Bank
Srinagar, Sep 19, Sept. 20 -- A delegation of the Kashmir Chamber of Commerce and Industry (KCCI), led by President Javid Ahmad Tenga, has raised a series of concerns with Jammu & Kashmir Bank over credit deployment, interest rates, recruitment, lending procedures, governance and recovery measures affecting stressed borrowers. The delegation, comprising Past President A.M. Mattoo, Vice President Farooq Amin and Ashiq Hussain Shangloo, met J&K Bank Managing Director and CEO Amitava Chatterjee and submitted an 11-page memorandum seeking a comprehensive Special One-Time Settlement (OTS) scheme for eligible stressed borrowers.While acknowledging the bank's record net profit of Rs 2,363.47 crore in FY 2025-26, KCCI stressed the need for greate...
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