Kashmir economy back on track, says J&K Bank CEO

Jammu and Kashmir Bank MD and CEO Amitava Chatterjee said the union territory's economy is back on track after multiple setbacks including the Pahalgam terror attack. He cited the bank's Q1 results, declared on Wednesday, which showed retail business growth doubled from Rs 700 crore to Rs 1,400 crore year-on-year.

Chatterjee told The Hans India that tourist traffic jams reflected the economic rebound visible in the bank's books. 'J&K Bank's numbers are a good indication of the economy of J&K,' he said, adding that the region is harvesting the dividends of peace.

Chatterjee said the growth in retail business was a strong indicator that the economy is on track. He noted that the bank's results reflect the broader economic rebound in Jammu and Kashmir.