J&K Bank-BPCL to revive their existing tie-up

Officers of J&K Bank and BPCL exchanging copies of MoU on Monday.
Officers of J&K Bank and BPCL exchanging copies of MoU on Monday.

Excelsior Correspondent

JAMMU, Dec 17: J&K Bank today renewed its Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL).The MoU was signed & exchanged by Rakesh Gandotra President Finance, Strategy & IT representing J&K Bank and Rajesh Sharma Retail Territory Manager BPCL J&K region, in the presence of J&K Bank Chairman & CEO Parvez Ahmed.
J&K Bank Executive President R.K.Chibber, President Arun Gandotra, BPCL Territorial Coordinator Mohd. Ameen Wani and other senior executives of the bank were also present on the occasion.
As an upshot of this MoU, J&K Bank shall install ATM and allied facilities including interiors, internal display systems, illuminations, signage security systems, VSAT facilities, etc. at BPCL outlets across the State. In addition to this, customers can make payments by scanning a payment QR code, using BHIM JK Bank or any BHIM app that supports payments via UPI.
Speaking on the occasion, Parvez Ahmed said, “We are delighted to have joined hands with one of the biggest essential service provider and a major brand like BPCL to provide financial services at their outlets. This association between the two companies will not only be beneficial to the general public but shall also give a boost to the use of plastic money and online transactions.”
He further remarked,”It’s just a beginning .In near future we shall also be devising various initiatives aimed towards enhancing the brand value of both thecompanies, leading to mutualbenefitof their respective customers”. Therefore, it’s a win-win situation for both of us”.
Describing the MoU as a part of bank’s long term strategic planto go for an ATM network expansion to enhance its digital footprint, Gandotra said, “The MoU will help us in identification of the potential retail outlets for installing new offsite ATMs. The idea is to provide increased convenience to bank’sesteemed customers by cashing in on the substantial footfall at BPCL retail outlets.