J&K Bank Strengthens Ties With Kashmir University


SRINAGAR — Today we have taken our relationship with this prestigious institution to the next level by conferring the Most Preferred Client status to the University of Kashmir besides laying the foundation stone of a modern banking center comprising of a Business Unit and a Digital Lounge within the campus. With a promising beginning like this, we will only scale up our operations here and expand the ambit of our relations in all the areas of mutual benefit and collective good.

J&K Bank Chairman and CEO Parvez Ahmed stated this today shortly after the Vice-Chancellor Kashmir University (KU) Professor Khurshid Iqbal Andrabi in his presence laid the foundation stone for the construction of bank’s own Business Unit and Digital Lounge within the campus of Ka shmir University.  Those present on the foundation stone ceremony included Registrar KU Professor Khurshid Ahmad Bhat, Dean Academic Affairs Professor Musadiq Amin Suhaf, Dean Research Professor Zafar Ahmad Reshi, and Dean Colleges Development Council Doctor Nelofar Khan, Bank’s Executive Presidents P K Tickoo, Rajesh Kumar Chhibber, Presidents, Vice Presidents, KU Faculty members, officials and other officers of the bank.

Chairman further said, “As a firm believer in the cross-pollination of ideas between the industry and academia, it has been a long-standing desire to strengthen our already deep ties with the Kashmir University further and we got a perfect opportunity today. Therefore I extend my gratitude to Professor Andrabi under whose leadership we have been allotted land for the establishment of this facility that opens a door for us to provide prompt, hassle-free and state-of-the-art banking services to the faculty, administration, and the students.”

 “Alongside, we shall establish a state-of-the-art digital lounge within the premises to provide a world-class facility offering an immersive experience through an array of channels, self-service zone, information and interaction stations besides serving as a business lounge.”

He further said, “Since the inception of our relationship with the Kashmir University, our priority has been to understand your needs and expectations from J&K Bank in serving as your financial partner. I am glad that we have extended our unique product called ‘Phone Pe loan’ facility to the employees of the university.”

“We will also extend the support and counseling to the employees by way of organizing Financial Literacy Camps wherein we shall familiarize you with all of the various benefits and special facilities offered.”, he added.

Commending the authorities for having the university been ranked 47th among the 3000 universities recently by the National Institutional Ranking Framework, he said, “I compliment the entire team for this wonderful feat that places the Kashmir University among the top institutions in the country.”

 Reiterating the bank’s larger role in the state, Parvez Ahmed said, “I assure you that we shall continue to play a leading role in catalyzing the socio-economic development of the state.”

Speaking on the occasion, Vice-Chancellor Professor Khurshid Iqbal Andrabi said, “Mutual business interests don’t always result in forging partnerships. I think the motivation was slightly different here. With J&K Bank, we’ve always felt like a family and this sense of belonging with this bank played the key role besides the charismatic personal touch of the Chairman.”

“Today the bond has been made forceful and we are satisfied with this kind of intent and sense of belonging, which is the best thing anyone could offer us. Today I congratulate the Chairman and his team for bringing the personal touch into motion and making it all possible. It is through bonds like these that the two most prestigious institutions of the state can build a new future.”

He further asserted, “Its moral responsibility of all the institutions to cater to the requirements of Kashmir University for their own benefit because this institution nurtures and nourishes their much needed human resource.  Regardless of the dispensation here at KU, this institution is supreme as it imparts education. And I am certain that this relationship with the J&K Bank will further be strengthened in future as well.”

On the occasion demo presentations were made regarding the bank products ‘Phone pe Loan’ and ‘mPay’.

Earlier, in his welcome address Registrar, KU Professor Khurshid Ahmad Bhat said, “I feel proud in welcoming J&K Bank Chairman and CEO Parvez Ahmad who was instrumental in making the maiden public issue of the bank a grand success due to which the bank came into the real limelight at both the state and national level. This occasion is a big milestone marking the glorious relations and collaboration between premier educational and financial institutions of the state.”

J&K Bank, KU sign MoU 

J&K Bank today signed multiple agreements with Kashmir University in presence of Chairman and CEO Parvez Ahmed and Vice Chancellor Kashmir University Professor Khurshid Iqbal Andrabi. Dean Academic Affairs Professor Musadiq Amin Suhaf, Dean Research Professor Zafar Ahmad Reshi, and Dean Colleges Development Council Doctor Nelofar Khan, Bank’s Executive Presidents P K Tickoo, Rajesh Kumar Chhibber, Presidents, Zonal Head Kashmir Central, Vice Presidents, senior faculty members of KU besides administration officials and officers of the bank were also present on the occasion.

Registrar KU Professor Khurshid Ahmad Bhat signed both the Memoranda of Understanding (MoU) on behalf of the University while as President Abdul Rashid Shegan put in his signatures representing the J&K Bank.   

The first agreement was regarding the establishment of a building owned by the Bank housing its Business Unit along with a Digital Lounge within the university campus.

As per the second agreement, the University bestowed the bank with the Most Preferred Banker status for its all banking related services exclusively. According to the agreement the Bank also conferred the most favoured client status to the Kashmir University which entitles its employees to avail an array of special benefits and privileges including the bank’s unique product ‘Phone pe Loan’ wherein the client shall be entitled to a loan within just two hours of the call.

Notably, the bank has been revolutionizing the service delivery through its digital products and through Phone pe Loan offers quick Loan facility to special clients with least processing time and most importantly doing away with the in-person visit to Business Unit for any documentation. The purpose of the product is to meet any pressing financial requirement of the employees at a click of the button.

 JK Bank, KU to promote Start Up Eco System    

JK Bank today announced that it will enter into an MOU with the Kashmir University to promote the Start Up Eco System in the Kashmir Valley by financing the incubated ideas of bright educated youth in the Kashmir University Incubation centre during their scaling up stage. The Chairman also announced contribution of Rs 1.00 Crore as part of its CSR initiative under the mutually agreed terms and conditions for facilitating the entrepreneurs with tools and equipments in the proposed Incubation centre. On the occasion Parvez Ahmed said, ”The Incubation centre being set up in the Kashmir university will encourage the local educated youth to take their first step in entrepreneurship with limited or zero risk and catalyze employment opportunities in future for the local population who otherwise have limited opportunities.”

  •  Under its Corporate Social Responsibility (CSR) Programme, J&K Bank Chairman and CEO presented a cheque of Rs 10 lacs to Vice-Chancellor Professor Khurshid Iqbal Andrabi which shall be used to support the financially weak students studying in the University thereby enhancing the total annual support to Rs 20 Lacs.
  • The Bank agreed to sponsor Gold Medals for all the toppers in professional courses of Kashmir University both in male and female categories.
  • The Bank will provide one more battery-operated vehicles for the specially-abled students taking the total number of such vehicles donated to the university to three.
  • The Bank shall also provide a TATA Winger Ambulance to the University.
  • Supporting the Green Initiative of Kashmir University, J&K Bank pledged bicycles and steel garden benches for the main campus of the University. 



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