JAMMU, Dec 30: Parvez Ahmed, Chairman and CEO JK Bank, today launched the JK Bank Mandi Finance Scheme for traders of agriculture produce across the country at Amritsar.
Speaking on the occasion , the Chairman said that Punjab being agriculture capital of the country, it was both relevant and appropriate to launch the J&K Bank Mandi Finance Scheme for traders of agriculture produce scheme from Amritsar in Punjab.
The scheme, already popular in J&K, will now be operational across all branches of the bank in rest of India and all merchants who are customers of the Bank and are members of the recognized Association of concerned Mandi/ Registered Commission- Forwarding Agents can avail this facility at one of the lowest rate of interests in the Banking industry, he added.
Executive President PK Tickoo, in his address, delineated the bank’s products & policies which he said are continuously being aligned to the market dynamics to customize them for the convenience of the customers.
R K Chhiber, Executive President, shared his experiences of working in Punjab where he said the bank was having one of the most loyal customer base since decades of its operations. Anokh Singh Zonal head Punjab, presented a brief resume of the bank’s operations in the State of Punjab.
The Chairman also acceded to the request for opening new business units in the vicinity of Mandis at Ahmedabad and Bengaluru.
Earlier, while inaugurating the new Business premises at Shastri Market Amritsar, Parvez Ahmed urged upon the Zonal Team to explore the potential for innovative services such as customized pilgrim products on the lines of JK Bank services to pilgrims visiting Mata Vaishno Devi, Katra. He further said that Punjab is the major destination for people of Jammu and Kashmir State along with a large number of patients travelling for specialized orthopedic and ophthalmic treatments to Amritsar and thus numerous opportunities are available to facilitate the cash management needs of the travelers by new product offerings. The Chairman added that Bank is also planning to increase its presence in Punjab via ATM and Branch network expansion.