JK Bank violating RBI guidelines: Qayoom Wani

Srinagar, April 30 (KNS): Former EJAC president and Civil Society Leader Abdul Qayoom wani on Thursday, have expressed concern over the JK Bank violating RBI guideline by deducting interest from the loan accounts. In a press statement issued here on Thursday Wani said that it was unfortunate and power arrogance of bank authorities to over rule the RBI guidelines. Kashmri business class labourers and others have suffered a lot and lockdown has increased their miseries .Instead of giving them incentive for rehabilitation they are being put to more mental distress . Wani questioned the banks tall claims of serving the poor, Bank authorities should introspect if it was possible for a business man or any other person to pay interest when whole world is under lockdown to fight against covid 19. Wani said that people of JK have a great contribution for making this bank reputed institution and it must be the moral obligation of the bank authorities to feel the pain of people Jammu and Kashmir at difficult times and take care of the interests of common people.(KNS)

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