| J&K Bank organizes SLBC meet on export promotion, conducts camps | | | Early Times Report
SRINAGAR, Mar 10: J&K Bank, which is also Convener State Level Bankers’ Committee (SLBC), today organized the 8th Sub-committee meeting of SLBC for export promotion at the Bank’s Zonal office Jammu.
The bank’s Executive President Surjeet Singh Sehgal, chaired the meeting which was also attended by Vice-President (FEBD) Karanjit Singh, Dy. Director (DGFT) J&K M K Nikhare and Manager RBI Indu Agarawal besides representatives from ECGC, trade bodies, various government agencies and banks. A wide range of issues including providing of liberal finance to exporters at concessional rates were also discussed in the meeting.
Speaking on the occasion, S S Sehgal said, “The banks in the state are more than willing to extend need-based and purpose-oriented credit facilities to the export sector.”
Expressing concern over the fact that the data pertaining to export credit was not available for most of the private banks operating in the state, he said, “The major portfolio for the export credit in the state is being handled by J&K Bank whereas other major banks have a minimal exposure in the segment.”
Meanwhile, making more and more people aware about the basics if banking and finance besides educating them about various schemes of government meant for their economic wellbeing, the bank conducted a series of financial literacy camps across the state.
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