JAMMU: Jammu and Kashmir Bank on Friday commissioned its Currency Chest Building at the Regional Business Centre (RBC), Jammu, to strengthen currency management infrastructure and support cash distribution across the region.
The facility was commissioned by Reserve Bank of India (RBI) Regional Director Prabhakar Jha and J&K Bank Managing Director and CEO Amitava Chatterjee in the presence of senior officials from both institutions.
The commissioning was attended by RBI Deputy General Managers Ram Sarup and Vinod Kumar, J&K Bank General Manager and Divisional Head (Jammu) Ashok Gupta, Deputy General Manager Anup Bhat and Zonal Head Chandrika Parihar.
Chatterjee said the facility would support the bank’s branches and those of other banks aligned with the currency chest in Jammu in meeting customers’ cash requirements.
He said dependable access to cash remained essential for households, traders and businesses, even as digital banking services expanded, adding that the bank was strengthening both its digital services and physical infrastructure.
RBI Regional Director Prabhakar Jha said currency chests play an important role in ensuring the availability of banknotes and coins and facilitating the withdrawal of soiled notes from circulation.
He stressed the need for sound operational controls, adherence to prescribed procedures and coordination among banks to ensure secure and efficient currency distribution.
The bank said the commissioning of the building was part of its efforts to strengthen infrastructure supporting its service network and the regional economy.
