• Login
Wednesday, November 19, 2025
No Result
View All Result
Kashmir Media Watch
  • Home
  • FeaturedNew
  • Kashmir
  • Jammu
  • India
  • Ladakh
  • Business
  • World
  • Sports
  • Interviews
  • Entertainment
  • OP-ED
  • Branded Post
  • Home
  • FeaturedNew
  • Kashmir
  • Jammu
  • India
  • Ladakh
  • Business
  • World
  • Sports
  • Interviews
  • Entertainment
  • OP-ED
  • Branded Post
No Result
View All Result
Kashmir Media Watch
No Result
View All Result

Bank to relax collateral norms for hotels for hassle free financing: Parvez Ahmed

Kashmirmediawatch by Kashmirmediawatch
March 11, 2018
in Business
Reading Time: 3 mins read
A A
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Jammu, March 11(KMW): The PHD Chamber of Commerce & Industry Jammu Region and Hotel & Restaurant Association,Katra organised a felicitation function for Parvez Ahmed Chairman & CEO, J&K Bank and Anil Khaitan National President PHD Chamber of Commerce and Industry in Katra today. The function was also attended by the members of PHD Chamber of Commerce and Industry, Hotel & Restaurant Association Katra and prominent citizens of Katra .

ADVERTISEMENT

Speaking on the occasion Chairman JK Bank lauded the role of PHD Chamber of Commerce and Industry headed by Anil Khaitan in playing a pivotal role in creating opportunities for promotion of trade, industry and services in J&K. by conceptualizing and organising the recent Ambassador’s Meet inviting ambassadors from over 140 countries with the theme of Jammu & Kashmir. This novel concept and the grand scale at which it was done he added is definitely a step towards changing the perception of the state to create opportunities for promotion of tourism, handicrafts & horticulture of the state.

RelatedPosts

J&K UTLBC organises mega awareness-cum-settlement camps in Jammu and Srinagar on unclaimed assets

Your Capital – Your Right” Awareness Camps on Unclaimed Assets to Be Held on November 14 in Srinagar & Jammu.

SBI donates ₹1.55 crore to Chief Minister’s Relief Fund

Describing the transformation in the tourism infrastructure in katra area with the exponential growth in number of pilgrims visiting the holy shrine as remarkable he urged upon the various stakeholders to promote the tourism circuit of Patnitop, Snansar, Bhaderwah to the Pilgrims to create a fillip to the employment generation to the people of the state. He also said that the tourism traffic to the shrine was bound to increase due to declaration of the Vaishno Devi Shrine as iconic place by the Government of India due to its heritage, religious and cultural significance.

The Bank he said has initiated a strategic shift in the focus of the bank for expansion of banking services for socio economic development of the state to empower every individual and every business in the state of J&K by providing the growth capital to the entrepreneurs Understanding fully well that the Bank cannot prosper in isolation we are voluntarily engaging ourselves with the various stakeholders to carve the trajectory of growth in the state.

Deliberating on the importance of tourism in having the highest potential of job creation for the youth of the state Chairman JK Bank said that the Bank is always on the forefront to finance the tourism and allied industries in a hassle free manner.

The Bank he added believed in having a mentorship approach to the customers and as such whenever the entrepreneurs in various sectors more specifically tourism has seen challenging times due to floods or civil unrest leading to drop in tourist traffic Bank has walked an extra mile to handhold its customers by providing support wherever feasible within the regulatory framework. He appreciated the trust reposed by the customers particularly the members of the Hotel and restaurant association Katra by providing very good quality of assets. The Chairman acknowledged the request of the Hotel and Restaurant Association for collateral free loans to the Hotels and announced sanction of collateral free loans to the hotel industry with delegation of powers to the Zonal Office. The Chairman also acceded the request of the Senior Citizen Forum Katra for providing separate counter for senior citizens and differently able persons in Katra Branch

Earlier during the interaction National President PHD Chamber Anil Khaitan apprised the members of Hotel association Katra about the multifarious activities of the PHD chamber. He urged upon the entrepreneurs to maintain financial discipline while conducting business and uphold the creditworthiness with the Banking system. He appreciated the outreach of the bank in the state and also acknowledged the whole hearted support of the Chairman JK Bank in Ambassadors meet on Kashmir – the way forward organised in Delhi by the chamber. On the request of the Chairman JK Bank and members of the hotel Association Anil Khaitan assured to keep on engaging the stakeholders across the country to create a better perspective about Kashmir Tourism. Khaitan added that several initiatives have been taken by PHDCCI for bringing maximum investment in the developing state in near future.

ADVERTISEMENT
ADVERTISEMENT

On the occasion Mr. Varinder Kesar was nominated as convenor for Katra Town and head PHDCCI Katra Town by National President Anil Khaitan .

Rakesh Wazir President Hotel & Restaurant Association,Katra and Co-Chairman PHDCCI during his welcome address highlighted the role played by J&K Bank under the leadership of Parvez Ahmed including hassle free financing to the entrepreneurs of the state,outreach to every corner of state, Launching hidden gems calendars .highlighting the rich tourism of state and also praised Mr.Khaitan for his intiatves for revival of tourism in the state.

Prominent among others who spoke on the occasion were Hotel Association Chairman Shyam lal Kesar, Varinder Kesar, Former MLA Baldev Raj Sharma,Shiv Kumar Sharma, etc.

Next Post

Zardari Strongly Condemns Harassment Of Pakistani Diplomats In India

Leave a ReplyCancel reply

ADVERTISEMENT
ADVERTISEMENT
Kashmir Media Watch

Kashmir Media Watch (launched on 12 March, 2010), a pioneer among news portals in J&K, owes its origin to the idea that an unbiased, impartial and objective reporting on Kashmir is posted out to readers worldwide who want to remain updated on what is happening in Kashmir.
Contact us: kashmirmediawatch2010@gmail.com

Categories

  • Archives
  • Business
  • Entertainment
  • Featured
  • Health
  • India
  • Interviews
  • Jammu
  • Kashmir
  • Ladakh
  • OP-ED
  • PR
  • Sports
  • Videos
  • World
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.

To find out more, including how to control cookies, see here: Cookie Policy
  • About
  • Contact
  • Privacy Policy

©2024 Kashmir Media Watch - Powered by 8-Bit Studios

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Featured
  • Kashmir
  • Jammu
  • India
  • Ladakh
  • Business
  • World
  • Sports
  • Interviews
  • Entertainment
  • OP-ED
  • Branded Post

©2024 Kashmir Media Watch - Powered by 8-Bit Studios

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Kashmir Media Watch

Subscribe now to keep reading and get access to the full archive.

Continue reading