Srinagar, October 20 (Scoop News) – Expressing concern at the acute cash crunch faced by the state PDP today said the replacement of J&K Bank as the bankers to state government had just started showing its impact and worse may still be in store. Senior party leader and former deputy Chief Minister Muzaffar […]
CM Appreciates J&K Bank leadership for remarkable performance
Srinagar, October 10 (Scoop News) – Chief Minister, Omar Abdullah Monday asked the Jammu and Kashmir Bank to walk and extra mile in supporting the State to reorient rural development and enhance economic activities for the youth. “While we appreciate your performance in extending hand for growth and development of the business […]
Banks offering new savings to tackle liquidity crisis
The Commercial banks have recently launched fund-collection campaigns by offering new saving schemes with higher interest rates in a bid to tackle the prevailing liquidity crisis. Bankers said they were offering higher interest rates to lure people to keep their savings in the banks. Funds are needed to ward off liquidity crisis the banks are […]
Banks must increase CDR upto RBI benchmark: Rather
Udhampur/Jammu, January 29 (Scoop News) – Chairman Minister for Finance and Ladakh Affairs, Abdul Rahim Rather today asked the Banks to reach out to people with innovative credit schemes to provide hassle free lending facilities to the priority sectors with focus on agriculture and allied activities. Speaking at a Mega function organized by the […]
Efforts on for regular helicopter service for Gurez:CM
Srinagar, December 19 (Scoop News) – Chief Minister, Omar Abdullah inaugurated Gurez House at SDA Colony Bemina here today. Completed at a cost of Rs. One crore including the cost of land, the house has an accommodation of 50 beds. Addressing the gathering on the occasion, the Chief Minister said that government […]
Housing Stocks- Market Reversal? Banks Not Feeling Stress…Yet
Dear Investor, The saga continues for the homebuilders. Last week, we saw the first steps toward consolidation in this sector when Pulte Homes (NYSE:PHM) bought out Centex (NYSE:CTX). This came on the heels of some slight improvements in existing home sales. Even yesterday, a builder sentiment survey showed an improvement among builders. That got investors […]
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