Srinagar, Oct. 20 -- Putting all the speculations about the J&K Bank's merger at rest, J&K Bank Chairman and Managing Director R K Chhibber today stated, "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."
In a press statement, he further said, "Let me assure all the stakeholders of the bank that their beloved bank is in safe hands of more than 12000 strong J&K Bank family under the supervision and guidance of a p...