Current unrest in the Valley has further complicated the financial situation, J&K Bank Chairman Parvez Ahmad said on Monday and warned that there would not be any bottomline growth in the next 18 months, resulting in ‘no dividend, no tax provisions and no contribution to the CSR’.
The (banking) industry is passing through very tough times due to the economic slowdown as well as the prevailing political environment and the bank expects ‘slippages’ in the coming months, he said.