Officers from Jammu division elevated in JK Bank’s succession planning felicitate Parvez

Jammu, May 3: A felicitation function was organized by the JK Bank Officers in Jammu region who were recently elevated in the career progression of the Bank to their next levels, in which the Chairman and CEO Parvez Ahmed was felicitated.
Speaking on the occasion Parvez Ahmed said, “The bank has after redirecting its strategic business direction to the credit growth in J&K state embarked on its expansion within the state to capitalise on the huge business opportunities lying untapped in the state and is concomitantly undergoing a process of succession planning to groom strong leaders for future and the recent promotions are a timely step taken in this direction. Given the pace of retirements in the next five years, it is important for us to put in place a robust plan of succession. Potential leaders are required to be mentored to create a strong leadership pipeline. Some of these works have been implemented, some are already in progress with a concrete action plan which includes expansion of our network in rest of India and to start overseas branches. ”
The Chairman added,” Despite the outstanding successes achieved thus far wherein we have achieved one of the fastest turnaround in the banking industry with seven continuous quarters of profit after a loss of seismic proportions for a bank of our size, I strongly believe that JK bank’s best years lie ahead. I have every confidence that together we can take the Bank to the next level of performance”.
“The promotions”, he added “have been well deserved and earned by you with your sincere hard work and dedication. At the same time it is my advice to you all that the environment continues to remain challenging and dynamic so we have to align ourselves, re-invent ourselves and most essentially retain our leadership in the market. The skill set of the employees needs to be upgraded in line with the changing operating environment on a continuous basis.
“J&K Bank is the banker of first choice for the people of J&K state as it holds a systemic importance for its economy. With only around 15-20% population availing credit from the banking system, opportunities are galore lying untapped for scripting a new era of growth and profitability for this wonderful institution and also for rescripting economic lives of people of the state. Let us all work with a sense of purpose and pride in giving back to our own people through our best services. This is possible when we listen to our conscience, work with honest spirit and cooperation, taking charge of our actions in the service of our customer, advised the Chairman to the elevated officers and top management team, present on the occasion.”