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J&K Bank customers get EMI deduction messages, officials say it may be ‘automated system response’

J&K Bank customers get EMI deduction messages, officials say it may be ‘automated system response’

If someone’s EMI has been deducted, person may approach concerned branch for refund, say Bank Officials Srinagar: People from various parts of Kashmir Thursday complained that J&K Bank has deducted their Every Month Instalment (EMI) on their loans despite clear-cut directions from the Reserve Bank of India that no EMI deduction will be done from […]

J&K Bank puts CFO’s ‘controversial appointment’ on hold

J&K Bank puts CFO’s ‘controversial appointment’ on hold

Appointments being made under Domicile Law: Chairman Chairman and Managing Director of J&K Bank Rajesh Kumar Chhibber Sunday said the appointment for the post of the CFO had been put on hold. In a statement issued here, the J&K Bank CMD said, “The yet-to-be-formally-confirmed appointment of the allegedly non-domicile candidate for the post of CFO […]

J&K Bank distributes food packs in Srinagar, commissions an ATM at Dada-ompora

J&K Bank distributes food packs in Srinagar, commissions an ATM at Dada-ompora

Srinagar: Continuing its drive to provide basic food items to the most-affected poor families due to Covid-19 lockdown, J&K Bank today distributed packets of dry food like rice, flour, pulses and other items among the families which were in dire need. The bank’s Zonal Head Kashmir (Central I) Syed Rais Maqbool supervised the distribution process […]

China seeks FDI policy revision aimed at shielding Indian firms’ takeover

China seeks FDI policy revision aimed at shielding Indian firms’ takeover

New Delhi: China on Monday asked India to revise what it described as a “discriminatory” change in foreign direct investment (FDI) regulations aimed at preventing opportunistic takeovers of Indian firms amid the Covid-19 crisis. The Indian government brought China under the ambit of regulations preventing such takeovers and acquisitions on Friday, with authorities saying any […]

Centre May Require Additional Rs 5 Lakh Crore to Support Economy Hit Hard by COVID-19: Ex-fin Secy

Centre May Require Additional Rs 5 Lakh Crore to Support Economy Hit Hard by COVID-19: Ex-fin Secy

Former finance secretary Subhash Chandra Garg said the government should make a departure from the past to help businesses, especially the small and own-account businesses that are likely to fold up if not helped with grant support. The Centre may need to borrow 2-2.5 per cent of GDP or about Rs 4-5 lakh crore additionally […]

No OTP sharing needed to defer EMIs: Do not fall for this cyber fraud

No OTP sharing needed to defer EMIs: Do not fall for this cyber fraud

Vikash Aiyappa New Delhi: With several banks giving customers to opt for a moratorium on their EMIs, a new cyber fraud has come to light. Customers get calls requesting for an OTP to postpone their EMIs. Once the OTP is shared, money is withdrawn from the bank account of the customer. In the wake of […]

HDFC Bank receives mandate to collect donations for PM Cares Fund

HDFC Bank receives mandate to collect donations for PM Cares Fund

Srinagar:HDFC Bank Ltd has received the mandate to collect donations for the PM Cares Fund created with the primary objective of dealing with any kind of emergency or distress situation, like that posed by the COVID-19 pandemic, and to provide relief to the affected. Individuals can now donate conveniently from their homes using Debit Cards, […]

J&K Bank steps up relief initiatives

J&K Bank steps up relief initiatives

Customers most important stakeholders: CMD Srinagar: The bank’s Chairman and Managing Director (CMD), Rajesh Kumar Chhibber today took a review of the functioning of the bank in the Union Territories of Jammu & Kashmir and Ladakh in the wake of Covid-19. Addressing the Zonal Heads, Cluster Heads and Lead District Managers in an online review […]

New financial year begins: Tax regime and other changes which will come into effect from April 1

New financial year begins: Tax regime and other changes which will come into effect from April 1

India is entering a new financial year from today, which will see implementation of a new income tax structure and other changes. The government has already clarified that the financial year is not going to change. Here is a list of the new rules what are going to take effect from today: New income tax […]

Special CBI Court Rejects Bail Plea Of Hilal Rather in Bank Loan Fraud Case

Special CBI Court Rejects Bail Plea Of Hilal Rather in Bank Loan Fraud Case

Srinagar: A special CBI court in Jammu on Tuesday refused to grant interim bail to Hilal Rather, son of National Conference Leader Abdul Rahim Rather, in the Rs 177 crore bank fraud case. “Court has rejected interim bail of accused Hilal Ahmad Rather in connection with a corruption case. He entered into a criminal conspiracy […]

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OPINION

At the time of COVID-19 a series Paintings by M. Akram Khan

Reasi: A series of paintings created by M. Akram Khan at its artist studio at Reasi on the theme of Covid-19, M. Akram Khan is a noted and veteran contemporary artist of national reputed and born in Reasi, at the time of COVID-19 he painted natural vibrant colours of the land and its people who […]