It is with great personal pleasure and with a sense of professional privilege that I rise to address the Annual General Body Meeting of J&K Bank.
May I, on behalf of the Board of Directors, the management, officers and employees of the Bank welcome all of you to this AGM.
This is our Bank’s 72nd AGM. With every passing year, the Bank grows not just in size but also in strength, stability and stature. Now, it is not just a bank but an iconic institution.
There is an ancient Chinese curse
which says, ‘May you live in interesting times!’ The
times that all bankers and finance professionals are
living in currently, are nothing if not interesting.
No doubt these are difficult times, but they also
are most interesting and rewarding. They challenge us, they test us, and
occasionally they even bring out the best in us.
So the saying is as
much a blessing as it is a curse. In these times, to
be a part of a well-regulated conservative system,
which was earlier seen as an albatross, has turned
out to be our biggest alleviator. The calibrated
liberalization of the financial sector, low
defaulter ratio, absence of complex financial
products, regular intervention by the Central Bank,
proactive adjustment of monetary policy and
pervasive prudential norms within a so called close
banking culture has succeeded in insulating the
banking industry in India from the distress caused
by the global financial turmoil.
Valued shareholders and distinguished guests On behalf of J&K Bank fraternity, it is my privilege to welcome you to the 70th Annual GeneralMeeting of the Bank. Reaching this landmark calls for a celebration! And, we are doing that in truebanking style: the J&K bank is hosting BANCON 2008.
This is an annual industry event where the entire banking fraternity of India participates.ssThis year the Union Finance Minister, Governor, Reserve Bank of India, former Governors,Chairman and Chief Executives of all the major Banks in India will come to Srinagar and deliberate on critical issues confronting the banking industry. It is an event that the entire banking industrylooks forward to. Intellectually and organizationally, hosting the BANCON, can be seen as coming of age of the J&K Bank.
