J&K Bank renews MoU with J&K Police Extends most favoured client status to wards of police martyrs


Srinagar, Sep 1(KNS): J&K Bank today renewed its Memorandum of Understanding (MoU) with J&K Police Department, by virtue of which J&K Bank will continue to be the preferred Banker for the department in its exclusive dealings regarding all banking related services, while as, employees of the Police department will continue to enjoy the most favoured client status from the Bank. 

Also, as a mark of paying homage to the martyrs of J&K Police, the Bank today signed another MoU with the police department and granted favoured client status to the wards/next of kin of martyrs of J&K Police Department.

MD & CEO Baldev Prakash and Director General Police Dilbag Singh put in their signatures on both the renewed as well as new agreement at the Police Headquarters in presence of Special DGP (Crime) A K Choudhary, ADGP (Hqtrs) Manish Kumar Sinha, ADGP Kashmir Vijay Kumar, Bank’s Executive Director Sudhir Gupta, General Managers Ashutosh Sareen, Narjay Gupta, Syed Rais Maqbool and Syed Shafat Hussain Rufai besides IGPs, DIGs, SSPs and other senior officers of the Bank and police department. ADGP (Jammu) Mukesh Singh also joined the function via video conferencing along with other senior police officials from Jammu.

After paying rich tributes to the martyrs of J&K Police, MD & CEO Baldev Prakash said, “I feel very happy to state that J&K Police and J&K Bank are two significant institutions that have been relentless in pursuit of achieving two vital pre-requisites of development in Jammu and Kashmir i.e. peace and progress. Better law and order situation is evident in overall improvement in the UT’s economy.”

“While J&K Police Department works day and night to make the lives of people safe and secure through maintenance of law & order and to prevent crime & disorder, J&K Bank continues to act as the trusted custodian of public deposits, enabling the common people secure their livelihoods by providing easy, accessible & affordable financing besides providing wealth management solutions”, he added.

He further said, “Moving an extra-mile to honour our martyrs, today we have signed another MoU to give most favoured client status to wards of martyrs of J&K Police so as to provide them with customized banking schemes/services. Under the agreement, J&K Bank will extend attractive benefits/concessions/relaxations to the wards/next of kin of Martyrs of J&K Police.”

Regarding the renewal of 2017 MoU, he said, “We would love to deepen the mutually beneficial bond further by renewing the MoU signed in 2017 with enhanced benefits and concessions for the police personnel. And I believe the renewed agreement will take our relationship to a visibly higher level.”

Appreciating the Bank’s leadership in his remarks, DGP Dilbag Singh said, “J&K Bank’s MD&CEO and his able team deserve all the accolades for enhancement of benefits to police personnel.”

He said, “JKP and JKB are very similar in working as well as reach. Wherever you go in the UT, J&K Police is there to serve people and so is J&K Bank providing banking services at the every nook and corner. While seeing the relationship between the two institutions strengthening further, I urge all my staff to avail the array of benefits extended by J&K bank under the renewed agreement.”

Commenting upon the MoU for wards of martyrs, DGP Dilbag Singh said, “Our commitment to wards/families of the police martyrs has been that we will support them firmly and strongly besides providing easy access to better life for our personnel who work day and night for the peace and prosperity of not only UT but the whole nation.”

Earlier, in his welcome address ADGP (Hqtrs) Manish Kumar Sinha termed Police and the Bank as two vital and critical organisations of J&K. He said, "I wholeheartedly express my gratitude to MD&CEO, Board and the management of J&K Bank for being magnanimous to extend an array of facilities for the Police Department”, adding that J&K Bank acts as an engine of J&K economy and it continues to take initiatives to usher a new era of prosperity in the UT.

The Bank’s General Manager (Credit) Ashutosh Sareen captured the essence of the agreements saying “The MoU has fructified only after long deliberations and discussions. The MoU is a pioneering institutional agreement wherein J&K Police was accorded most preferred customer status by the Bank back in 2017.”

“Under the new MoU, the Bank will extend attractive benefits/concessions/ relaxations to the wards/next of kin of police martyrs. Moreover, the exclusive benefits and services of the Bank enjoyed by the J&K police personnel under previous MoU have been enhanced in the renewed agreement”, he added.(KNS)

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