Pahalgam Attack Not To Hit J&K Bank: CEO Amitava Chatterjee

The terror attack on tourists in Pahalgam that killed 26 people might affect the local economy but it will not have much impact on Jammu and Kashmir Bank as the lender's exposure to the tourism industry is around one per cent of the total portfolio, MD & CEO of the bank Amitava Chatterjee said on Monday.

- Press Trust Of India

"It is a matter of prudence that we have already done this assessment. One part of it is the direct impact. The total exposure related to the tourism industry in Jammu and Kashmir is just one per cent of our total portfolio.

"The direct impact will be nominal, even if it is there,” Chatterjee told PTI.

He said it has been witnessed in the past as well that people in Jammu and Kashmir and Ladakh generally do not want to default on their loans.