J&K Bank has Rs 2,000 crore exposure to Kashmir's CA storage industry
Jammu, Oct. 15 -- Share Tweet Share Srinagar, Oct 15 (KNS): J&K Bank has financed more than 80 per cent of controlled-atmosphere (CA) storage facilities in Kashmir, with an outstanding credit exposure of around Rs 2,000 crore to the sector, highlighting the banking institution's significant financial involvement in the Valley's apple storage industry. The figures were disclosed by the Bank's General Manager and Divisional Head Kashmir, Arshad Qadri, during an interaction with industrialists, fruit traders and CA storage operators at Lassipora in south Kashmir's Pulwama district on Thursday. The disclosure comes as industrialists raised concerns over rising input costs, working capital shortages, delays in credit disbursement and difficult...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.