Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: KCCI urges J&K Bank to extend deadline for Special OTS Scheme
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Kashmir > KCCI urges J&K Bank to extend deadline for Special OTS Scheme
Kashmir

KCCI urges J&K Bank to extend deadline for Special OTS Scheme

Seeks two-month extension to support struggling businesses

RK News
Last updated: March 22, 2025 3:31 am
RK News
Published: March 22, 2025
Share
2 Min Read
SHARE

Srinagar, Mar 21: The Kashmir Chamber of Commerce and Industry (KCCI) has requested Jammu and Kashmir Bank’s Chief Executive Officer/Managing Director, Amitava Chatterjee to extend the deadline of the bank’s Special One Time Settlement (OTS) Scheme by at least two months beyond the current closing date of March 31, 2025.
While acknowledging the value of the Special OTS Scheme launched on January 1, 2025, KCCI emphasised that numerous business owners require additional time to fully utilise this opportunity to settle their outstanding accounts.
The Chamber in a statement said it has received multiple representations from members and potential beneficiaries expressing concerns about the current timeline.
“Many businesses continue to struggle with recovery from previous economic disruptions and need more time to mobilise necessary resources. The harsh winter conditions coupled with the ongoing holy month of Ramadan have created additional challenges for borrowers attempting to liquidate assets to meet payment requirements,” it said, adding that the overall business sentiment in Kashmir remains subdued, creating a difficult environment for distressed borrowers.
KCCI said current market conditions have made it exceptionally challenging for business owners to sell properties or other assets at fair valuations, complicating efforts to arrange funds within the existing timeframe.
“KCCI believes that the requested extension would serve dual purposes – helping J&K Bank address non-performing assets while supporting broader economic rehabilitation efforts across the region,” the chamber said, adding that this extension is not merely helpful but essential for many distressed borrowers.

 

Stranded tourists feel warmth of Kashmir’s hospitality in Ganderbal
Police rescues 34 stranded tourists in Budgam
Three minors missing from Sopore seminary, families seek admin’s help
Bandipora’s Nowgam residents demand J&K Bank branch
Over 24k candidates from J&K qualify UG-NEET exam

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article No immediate plans to upgrade schools: Govt
Next Article Over Rs 400 Cr revenue generated from mineral extraction in J&K: Govt
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Trump reinstates
Trump slams Putin, says war in Ukraine caused by ‘crazy’ actions and bad leadership
Breaking World
May 26, 2025
Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025
Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
Kashmir
May 26, 2025
SACPPE holds session to safeguard children from unexploded shells in Uri
Kashmir
May 26, 2025

Recent Posts

  • Trump slams Putin, says war in Ukraine caused by ‘crazy’ actions and bad leadership
  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
  • SACPPE holds session to safeguard children from unexploded shells in Uri
  • ‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?