Srinagar, Aug 12 (KNN) Jammu and Kashmir (J&K) Bank will continue to focus on the MSME and tourism sector and plans to double its funding to the housing sector by 2025.

The bank has set a long-term goal of achieving Rs 4,00,000 crore business in the next five years with annual profit of Rs 4,000 crore.

Talking about the bank’s way ahead, J&K Bank MD & CEO Baldev Prakash said that it would focus on under-serviced areas of economy such as the housing sector besides MSME and tourism.

He highlighted on innovations in Agri-allied activities and said they are also opening new vistas for enterprising entrepreneurship and finance.

The private lender’s long-term objectives are backed by well thought out strategies and monitorable execution plans that would be periodically reviewed to ensure achievement of all interim milestones.

Prakash said the bank is also working on short-term goals like fixing monthly targets for each business line.  (KNN Bureau)