Archive · 31 Jul 2026
J&K Bank CEO Says Economy Rebounds After Terror Attack
A bank boss in Jammu and Kashmir says the area is getting better after a scary attack.
He says more tourists are visiting and traffic is busy again.
The bank’s sales in the first part of the year grew from 700 crore rupees to 1,400 crore rupees.
Loans for farms also grew a lot.
He thinks the economy is still improving and will get even better when crops are sold.
J&K Bank CEO Amitava Chatterjee says tourism traffic has returned, indicating economic rebound.
Retail business grew from Rs 700 crore in Q1 2023 to Rs 1,400 crore in Q1 2024.
Off‑take of agriculture loans tripled, showing increased business borrowing.
The bank’s Q1 results reflect broader economic recovery after the Pahalgam terror attack.
Chatterjee believes the economy is still improving, especially with upcoming horticulture harvest.
- Who
- Amitava Chatterjee, Managing Director and CEO of Jammu and Kashmir Bank
- What
- Declared that the economy of Jammu and Kashmir is back on track, citing bank’s Q1 results
- When
- July 30, 2024
- Where
- Srinagar, Jammu and Kashmir
- Why
- Traffic and tourism have returned, and bank’s retail and loan growth show economic recovery after the Pahalgam terror attack
- Bank CEO
- Amitava Chatterjee
- Bank
- Jammu and Kashmir Bank
- Q1 Retail Growth 2024
- Rs 1,400 crore
- Q1 Retail Growth 2023
- Rs 700 crore
- Agriculture Loan Off‑take Growth
- Three times
- Report Date
- July 30, 2024
