Exhibiting a high sense of professional excellence in its renewed business strategy of recovering dues from the defaulters, J & K Bank opened one more Impaired Assets Recovery Branch (IARB) at its Zonal Office, Jammu Central, Rail Head Complex, Jammu on Wednesday. This is the third such branch of the bank, the other two being already operational at Kashmir and Delhi.
The Branch was inaugurated by Madan Gupta, Vice President, Jammu Zone (Central). Speaking on the occasion Gupta described it as a timely initiative in ensuring the recycling of the precious financial resources of the public to enhance the reach, reliability and economic development through further lending. He said that the IARB would cater to the recovery needs of all the business units of Jammu Province.
He further said that the opening of this specialized branch would address the recovery issues in a more efficient and effective way.
The Vice President advised all the loan defaulters to come forward and take the benefit of this outlet.