SRINAGAR, Oct. 20 -- J&K Bank Chairman and Managing Director R K Chhibber today said that no merger of the bank is on the cards and the bank's fundamentals are very strong.
Putting all the speculations about the J&K Bank's merger at rest, Chhibber in a statement said, "the recent crisis of Punjab and Maharashtra Cooperative (PMC) Bank in the country has worried bank customers in general but the rumors of J&K bank's merger by some vested interests has raised apprehensions among our depositors particularly in J&K. Let me put all those speculations at rest by assuring you that no merger is on the cards and the bank's fundamentals are very strong."
Chhibber further said, "let me assure all the stakeholders of the bank that their beloved bank ...