J&KBank launches cash credit scheme for govt employees

Tribune News Service

Advertisement

Jammu, November 6

The Jammu and Kashmir Bank has launched a cash-credit scheme for the permanent employees of the state and the Central government, semi-government undertakings besides other autonomous bodies, who draw their salary from the bank.

Chairman and CEO of the bank Parvez Ahmed unveiled the scheme in the presence of executive president SS Sehgal, senior president SK Bhat and vice-presidents Arun Gandotra, Manzoor Hussain and Tabasum Nazir.

Speaking on the occasion, Ahmed said the launch of the first in series tailor-made scheme was in line with the bank’s commitment to offer a bouquet of customised products and services to the people of the state.

“We at J&K Bank understand the huge potential of our economic resources and to explore this potential we shall be launching a series of hassle-free tailor-made schemes and services in the coming times. Let me reiterate our commitment to offer most appropriate financial solutions to the people of the state to harness prosperity and profits for a better future,” Parvez Ahmed said.

He added that the idea behind the scheme was to increase the liquidity in the system by providing an active line of credit to more than five lakh permanent employees.