 Early Times Report
Jammu, Mar 27: Chairman & CEO, J&K Bank Parvez Ahmed today launched the pension scheme for the employees of J&K Grameen Bank during in presence of Executive President JK Bank R.K. Chhibber. President JK Bank Sunil Gupta, Chairman Grameen Bank Janak Raj, General Managers Grameen bank and a number of serving and retired employees of the J&K Grameen Bank.
While congratulating the serving and retired employees of the JK Grameen Bank for being brought under the pension scheme the Chairman JK Bank said," I have always affirmed and shared my belief that the human capital is the real strength of an organization which takes the organizations to great heights, both internally and externally, in fact everywhere. And therefore, I believe Pension is the rightful due of the employees who toil day and night to build the institutions and are actually the largest stakeholders and have a right to live a life of dignity and respect post retirement."
He added "Though JK Bank is the sponsor bank of the J&K Grameen bank but I have always believed that JK Grameen Bank is our extended family and as a head of this family the social and emotional well being of the members of the Family is always my priority
" The launch of pension scheme, advised the Chairman JK Bank," puts a responsibility on the serving employees especially the younger generation to redouble their efforts for enhancement of the business of the bank exponentially to improve the profitability on a consistent basis to enable the bank in offsetting the cost pressure on the balance sheet as I am told that in the initial stages pension burden will be borne by the respective RRBs from their working expenses till structured pension funds are created as per the provision of the Pension Regulations."
"I am sure the kind of young and vibrant manpower inducted in the Grameen Bank in past few years the Bank is capable of generating sufficient resources by enhancing the banking business, sale of third party products to strengthen the other income and effecting recovery of the stuck funds of the Bank in NPA."On the occasion the Chairman JK Bank also announced setting up of a distress fund for medical emergencies of the retired employees of Grameen Bank.
Executive President, J&K Bank RK Chhibber said that the launching of pension scheme for JKGB employees will act as a catalyst for the morale of employees and, thereby, making them deliver their best for their organisation.
Earlier Janak Raj Chairman, J&K Grameen Bank welcomed the Chairman & CEO, J&K Bank and other dignitaries and thanked them to spare their valuable time for launching "Pension scheme for the employees of J&K Grameen Bank". Sunil Gupta, President, J&K Bank, Mohammad Ayoub Khan, GM ROK, JKGB Vipan Gupta, HOD FIID, JKGB K.L. Sharma, HOD HRDD, JKGB also spoke on the occasion. |
