Valued shareholders and distinguished guests,
On behalf of the J&K Bank fraternity, it is my privilege to welcome you to the 69th Annual
General Body meeting of the Bank.
It is a sheer coincidence that exactly today, I complete two years as Chairman and Chief
Executive. It has been a very satisfying and enriching experience for me to work at the Bank.
In the last two years, the Bank has registered a 140 per cent increase in profits. We have seen a
108 per cent increase in the rate of return on your equity, thereby showing a vast improvement
in the Bank’s efficiency to generate profits from every invested rupee.
It
is a privilege and pleasure to welcome all of you to the 68th Annual
General Body Meeting of the Bank. I am deeply honoured to be here
to present to you the performance of the bank during 2005-2006 and
the future business strategy and outlook.
