Excelsior Correspondent
SRINAGAR, Feb 12: Expanding the insurance options further for its customers across the State and beyond, J&K Bank today entered into a tie-up with IFFCO-Tokio General Insurance–a joint venture between one of the world’s biggest cooperative society, Indian Farmers Fertilizer Co-operative (IFFCO) and the largest listed insurance group in Japan, Tokio Marine Group.
The agreement between the two leading companies was signed in presence of Chairman and CEO Parvez Ahmed and Managing Director IFFCO Tokio Warendra Sinha, Director Marketing Anamika Roy Rashtrawar and Director Operations Jun Matsui here at the bank’s Corporate Office.
Executive Presidents RK Chibber, Abdul Rashid Shiegan, President M Younis Patoo, Vice Presidents Vibhakar Khajuria and Roshan Khayal Khan were also present on the occasion.
The bank’s President Insurance M Younis Patoo signed the MoU on behalf of the bank while as Anamika Roy Rashtrawarput in her signatures representing IFFCO Tokio.
Speaking on the occasion, Chairman Parvez Ahmed said, “I am sure that IFFCO-Tokiowill live up to their brand reputation along with our expectations and deliver its products and services to the satisfaction of our customers in J&K”.
Terming the signing of the agreement as a “momentous occasion”, Managing Director IFFCO-TOKIO, Warendra Sinha acknowledged the positive role of the bank in the financial and social set-up of the state and asserted that J&K Bank is the true leader when it comes to empowering people in the State of Jammu and Kashmir and beyond.
Executive President RK Chibber while speaking at the occasion maintained that both the institutions are committed to work for the welfare of the people besides extending value added services to customers while also adding that under the dynamic leadership of Chairman and CEO, the bank works with a missionary zeal to provide world class services to its customers and signing of the MOU is yet another step in that direction.
Earlier the welcome address was presented by President Insurance M Younis Patoo, whereas in the end, Vice President Vibhakar Khajuria extended vote of thanks.
The insurer will start its operations in two districts–Srinagar and Anantnag with effect from April 1, 2019.
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