J&K Bank signs MoUs with SMVD Shrine Board

J&K Bank Chairman, Parvez Ahmed speaking at a function in Katra on Friday.
J&K Bank Chairman, Parvez Ahmed speaking at a function in Katra on Friday.

Excelsior Correspondent

JAMMU, Feb 1: J&K Bank today signed multiple Memoranda of Understanding (MoU) with Shri Mata Vaishno Devi (SMVD) Shrine Board at Spiritual Growth Centre Katra to reinforce its social connect and strong bonding with the socio-religious institutions.
The MoUs were signed by Simrandeep Singh, CEO Shri Mata Vaishno Devi Shrine Board (SMVDSB) Katra and President J&K Bank Rakesh Gandotra in presence of Chairman and CEO, J&K Bank Parvez Ahmed. Also present at the function were J&K Bank Executive Presidents PK Tickoo and RK Chibber, HK Parashar Chief Accounts Officer SMVDB, senior officials of JK Bank & Shrine Board and a large number of employees of the Shrine Board.
The CEO Shrine Board Simrandeep Singh and Chairman JK Bank Parvez Ahmed also electronically inaugurated the Cash Management Counter of J&K Bank wherein the JK Bank formally took over the management of cash received at the Holy Shrine in the form of donations at the Bhawan from the Shrine Board.
Singh while commending the alacrity exhibited by the Chairman and CEO JK Bank in acceding to the request of the Shrine Board for taking over the cash management at Bhawan extended gratitude to the J&K Bank for extending a multitude of facilities to the employees of the Shrine Board at concessional and hassle free manner under the preferred customer MOU.
Describing the relationship between Shrine Board and J&K Bank that of strong umbilical cord relationship he appreciated the association of the bank with SMVD shrine that started with opening of first ever bank branch at the Bhawan way back in 1986 and getting stronger with every passing day. He termed the agreement as a historic step towards the financial well-being of SMVDSB employees and their families. He also thanked the bank for extending the ‘Preferred Customer’ status to the Shri Mata Vaishno Devi Shrine Board.
Speaking on the occasion Chairman and CEO, J&K Bank Parvez Ahmed paid glowing tributes to the founder of the Shrine Board and said, ” I sincerely admire the vision of the founders of the Shrine Board who dreamt of an institution where none existed and believe me if we go into the history of the Shrine Board, it is a big management lesson for all of us,” Parvez said.
Describing the relationship of the bank with Shrine Board beyond commercial considerations he said, “I consider this as an honor to take up our share of responsibility in working hand in hand with the Shrine Board.
By the virtue of this MoU, “Phone Pe Loan” facility will be extended to the employees of the Board at concessional rate of interest without any documentation and processing charges with quick turnaround time. It also entitled the employees to avail a multitude of benefits and privileges tailored exclusively for them. The MoU also provides for the Internet Payment Gateway (IPG) facility to SMVDSB to facilitate the donations, Yatra registration fee and various other services offered by the board through digital channels.
Earlier deputy CEO Dr Arvind Karwani welcomed the dignitaries and employees in the function. Anand Pal Singh, Zonal Head JK Bank presented the vote of thanks.


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