Banking on the valley...

IIPM PUBLICATION

“In the course of the last year, the management of J&K Bank has set in motion a multipronged strategy”

Jammu & Kashmir Bank comes 15th in our ranking, but considering how it has carved a separate space for itself amidst cut-throat competition in the sector, its accomplishment is noteworthy. The vision of M.Y. Khan (former Chairman) who spearheaded J&K Bank’s operations for more than eight years, and contributions of its present Chairman Dr. Haseeb Drabu has helped the bank scale new heights. One look at the J&K Bank website and a glance through the Chairman’s message will bring out the difference in this bank’s vision. While other banks sing paeans about the quality of their banking services, this J&K Bank Chairman’s message instead expresses strong views on the overall national banking and monetary scenario.

Apart from developing new products and an effective risk management system, Dr. Drabu is a strong believer of strong HR practices, which have ultimately translated into a better numbers for J&K Bank. The stock price of this bank is up by 50% over a period of one year and net profits have increased by 100% for FY07.

With over 500 branches, J&K Bank expects growth in FY 2007-08 from enhanced focus on its home state (J&K) market, especially for SMEs and horticulture entrepreneurs. The valley of flowers beckons.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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