RBI Deputy Governor Visits Jammu & Kashmir Banks, Calls for Greater Credit Expansion

The Reserve Bank of India’s deputy governor made a field visit to several banks in Jammu and Kashmir to assess the state of credit delivery. During the tour, he met senior bank officials and reviewed the performance of regional branches. He emphasized that expanding loan disbursement is crucial for sustaining economic recovery and supporting key sectors such as tourism, agriculture and small enterprises. The deputy governor said the RBI will monitor credit growth closely and may consider targeted measures to encourage banks to meet the region’s financing needs. Local bankers welcomed the guidance, noting that a clearer policy push could help address the credit gap faced by many small businesses.