Jammu and Kashmir Bank achieves Rs one lakh crore business

 SRINAGAR: Jammu and Kashmir BankBSE -0.31 % today said it has achieved the Rs one lakh crore business and expressed confidence of meeting its other annual targets as well.

Jammu and Kashmir Bank surpassed the target of the promised Rs 1 lakh crore business in Platinum Jubilee year amid firm belief to meet easily its other annual targets as well, bank's Chairman and Chief Executive Officer
Mushtaq Ahmad said.

"It is a jubilation moment for all of us to celebrate in this Platinum Jubilee year," the Chairman said, adding "at this landmark achievement, I feel proud to express my gratitude to one and the all of our trusted patrons, valuable customers, promoters and people of the state at large and all my Bank colleagues."

Ahmad said the road ahead is "full of challenges" in view of the global financial conditions, slowing domestic economy and the testing work environment in the state.

"I am sure that all of us together will surmount these challenges and convert them into opportunities demonstrating our innate capacity to rise to the occasion," he added.