Srinagar, Sept. 7 -- Srinagar- Jammu and Kashmir Bank is contemplating a Special One-Time Settlement (OTS) scheme for stressed borrowers, Managing Director and CEO Amitava Chatterjee said during a meeting with a delegation of the Federation of Chambers of Industries Kashmir (FCIK).

The proposed scheme may be unveiled alongside the new Industrial Policy being formulated by the J&K Government. While the Bank did not disclose the contours of the proposed OTS, Chatterjee indicated that it would seek to provide relief and closure to eligible stressed accounts.

The issue figured prominently during the meeting between the Bank's senior management and the FCIK delegation, which raised a range of concerns relating to credit flow, stressed accoun...