JKbank Fresh Notification, Jammu and Kashmir Bank Appeal.

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JKbank Fresh Notification, Jammu and Kashmir Bank Appeal.

JKBANK Latest Update. JKBANK Notification.

Jammu and Kashmir Bank, an eight decade old premier financial institution of the state having a staff strength of around 14000, selected from the bright human capital pool of the state, plays an important role in the socio economic development of the J&K state and the economic prosperity of the state is undoubtedly interwoven into the financial soundness of the J&K Bank. The bank has provided a strong architecture to connect the people in the remotest area of the state to the formal banking system and continues to expand its outreach across all the three regions of the state to not only provide doorstep quasi essential banking services to unbanked/underserved areas but also to financially empower each and every individual in the state.

The systemic importance of the bank for the state is highlighted due to the fact that it is the only bank providing capital to new and existing entrepreneurs across the nook and corner of the state besides also providing direct and indirect employment opportunities exclusively to the people of the state who otherwise have limited opportunities. The ongoing recruitment process of the bank is transparent and in congruence to the Board approved policy for the recruitment of Officers (Probationary Officers) and Clerks (Banking Associates) which has been religiously adhered to with absolute Transparency which can be gauged from the continuous communications through print & electronic media besides the efficiency with which the timelines for conduct of tests and declaration of results are being honored. The cut off has been decided by the bank on the basis of merit list provided by the IBPS and as per the geographic distribution of vacancies in each district of the state in conformity to the notification issued by the Bank in this regard.

However in view of the perception in the candidates that the differential merit was discriminatory to a particular region and to infuse uniformity the bank declared a uniform cut off of 40 marks across the state. Accordingly, it was declared that all those candidates having secured an assessment score of 40 & above in the preliminary examination are qualified to sit in the mains examination. The final selection to the post of Probationary Officer has to be made on the basis of the score of the candidate in the Mains examination coupled with performance in the interview. The Bank has all along maintained highest level of Transparency which has been the hall mark of our operations and for the first time, the marks secured by the candidates have been placed in public domain along with cut off of marks for each districts as per the notification & we accept each and every scrutiny of the process and its compliance to the Bank’s laid down policy.

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It is for the information of all our stakeholders that Bank is subjected to multiple audits and scrutiny by regulators viz SEBI, Ministry of Company Affairs, IRDA, RBI and the CAG. We are also under an obligation to furnish disclosures to the stock exchanges in terms of any price sensitive and material information which is accessible to general public. Being the only listed entity from the state it stands a severe risk of negative market sentiments in the name of pitching one region against the other with the potential to strongly affect Brand Equity and years of legacy built, besides demoralizing the hard working and dedicated staff of the Bank.

With guidance and support of all our stakeholders and relentless focus on transparency, resilience & transformation, Bank has made one of the fastest turnaround in the Banking history from a loss of 1632 Cr to a profit of 465 Cr in a short span of two years and we assure you that the best in terms of profitability and value creation for the state is yet to come. With the unflinching trust of the promoters and customers of the Bank especially from the J&K state we are on course to achieve a total business of about 2.50 Lac Cr with a targeted profit of Rs 2000 Cr by or before FY 2022. Besides we are committed to provide employment opportunities to the bright educated youth of the state which we continue to endeavor despite a challenging environment in the banking industry and resultant pressures on the Balance sheet which constrained all the banks to stall fresh recruitment.

In this backdrop and in the interest of the crown jewel institution of the state, We appeal general public not to politicize/ regionalize the issue which provides an opportunity to the vested interests to potentially create a negative sentiment for the Bank in the market in addition to hurting the prospects of the aspirants. The Bank is heavily invested in all the three regions of the state and being a commercial institution has to ensure smooth functioning besides providing equal opportunities in terms of growth, development and employment across all the regions of the state. Concomitantly we are committed to maintain highest level of transparency in our operations including the recruitment process which shall be open to all levels of scrutiny.

While soliciting your support and guidance, we as a responsible Corporate Citizen of the state appeal to all the stakeholders to evolve a balanced approach and build a consensus in such a manner that ensures smooth operations of the bank across the state with adequate manpower.

Issued by:
Management and Staff of J&K Bank J&K Bank
Serving To Empower

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