This AGM is special. We are at the cusp of a momentous event in our journey –
the completion of 75 years of our Bank’s incorporation. It is an occasion to
celebrate what we have achieved during the last financial year and what we
have attained over the years.
It is also an occasion to reflect with pride over
the distance we have traversed as an institution; on the challenges we
encountered along the way and the innumerous triumphs we achieved
The Bank was incorporated on 1st October, 1938, with a capital of ` 7,72,725
and a base of ` 61,818 shares, with a simple yet noble idea of liberating the
people of J&K state from the grasp of moneylenders.From this very modest
beginning, the Bank has grown into a premier institution with a pan-India
It is my privilege to address the 73rd Annual General Meeting of the Shareholders of J&K Bank. On behalf of the Board of Directors, the management, officers and employees of the Bank I welcome all of you to this AGM. At the outset, I express my gratitude to you all for your continued support and patronage.
The J&K Bank has shaped its glorious path through your trust and support.Your faith in the Bank and expectations from it are a continuous motivation for us to perform and serve. The financial year 2010-11, as all of us know, has been a turbulent one.The world economy is now on a slow recovery path after the chaotic situation that the economic meltdown caused. It has definitely exhibited a positive change but there are still some concerns, some worries and some question marks.