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| J&K Bank signs multiple MoUs with SMVD Shrine Board | | |  Early Times Report
JAMMU, Feb 1: J&K Bank today signed multiple Memoranda of Understanding (MoU) with Shri Mata Vaishno Devi Shrine Board (SMVDSB), Katra 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 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 P K Tickoo and R K Chibber, H K 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.
CEO Shrine Board Simrandeep 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 signed between J&K Bank and Shri Mata Vaishno Devi Shrine Board 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. The same powerful & famous shrine, the same serenity in the environment, same people managing the affairs of the shrine but the founders of the Board envisioned a "disruption" the iconic word which we now a days associate with any new revolutionary idea. The kind of infrastructure and contribution that one idea has made in the Ecosystem of this place is huge by any standards and we need to compliment the vision and dream of the founders of the Shrine Board".
"This model is a fit case for replicating in all the shrines of the state to leverage the pilgrim tourism in development of social infrastructure of the state and will in the long run enable the up gradation in economic lives of the people of the state," added Parvez Ahmed.
Under the MoU, the Bank has conferred the "Preferred Customer" status to the Shrine Board for its exclusive dealings with respect to all banking related services. 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. |
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