J&K Bank signs CSPs with DPS Budgam, HK Hyundai; to cover 887 employees

Ziraat Times News Desk

Srinagar, August 29: J&K Bank has signed three Memoranda of Understanding (MoUs) under its Corporate Salary Package (CSP) with Delhi Public School (DPS) Budgam, HK Automobiles Pvt. Ltd. (HK Hyundai) and Himalayan Motors, bringing a combined 887 employees of the three institutions under the package.

The agreements are aimed at extending customised banking services and other benefits to employees of the participating educational and business institutions.

The MoU with DPS Budgam covers 341 employees of the school. It was signed by J&K Bank Zonal Head (Budgam) Layek Ahmad Jan on behalf of the bank and Mrs Soz on behalf of the institution.

Cluster Head (Budgam) Wasim Ahmad Qadri, Branch Head (Humhama) Sheikh Nazima Asad and other senior officials were present during the signing.

Separately, J&K Bank entered into a CSP agreement with HK Automobiles Pvt. Ltd., covering 141 employees of the group.

The agreement was signed by Zonal Head (Srinagar) Sheikh Mohammad Muzaffar on behalf of the bank and Director HK Automobiles Ghulam Mohi-ud-Din on behalf of the company.

Directors of HK Automobiles Mohammad Sultan Mir and Zahoor Ahmad Mir, Cluster Head Syed Tasaduq Madni, Branch Head (Pantha Chowk) Sabba Rafiq and other officials from both organisations attended the signing ceremony.

In another agreement, J&K Bank brought 405 employees of Himalayan Motors under its Corporate Salary Package.

The MoU was signed by Zonal Head (Srinagar) Sheikh Mohammad Muzaffar on behalf of the bank and Managing Partners of Himalayan Motors Ghulam Mohammad Beigh and Bashir Ahmad Beigh.

Cluster Head Subuhi Yaseen, Branch Head (BP Batmaloo) Muzaffar Hussain and other senior officials from the two organisations were present.

Speaking on the agreements, the respective Zonal Heads said the partnerships formed part of J&K Bank’s efforts to strengthen and maintain institutional relationships with educational and business organisations across Jammu and Kashmir.

They said the Corporate Salary Package is intended to provide employees of partner institutions with customised financial solutions, enhanced banking features and streamlined services.

During the respective signing ceremonies, the bank’s Cluster Heads also briefed representatives of the participating institutions about the features and benefits available under the Corporate Salary Package.

With the three agreements, employees of the participating institutions will have access to the banking benefits offered under J&K Bank’s CSP framework, while the partnerships expand the bank’s institutional customer base in the region.