Marketing Team J &K Bank Cluster Budgam

26/06/2023

06/06/2023

For further details & quick disposal just dial 7889321498

04/04/2023

Beware of the customers standing nearby. While withdrawing money from any ATM,cover the keypad with your hand and enter your PIN.

27/03/2023

Give your account an extra layer of safety. Keep a check on your cheques of Rs. 50,000/- & above by registering for Positive Pay System anytime through J&K Bank mPay Delight or eBanking service.

22/03/2023

Great staff response results in over-subscription of J&K Bank ESPS -2023

Receiving an over-whelming response from the staff, J&K Bank’s Employees Stock Purchase Scheme (ESPS-2023) has got over-subscribed by more than 32 percent. The issue was opened on 14th March and closed yesterday at 5 PM.

Commending the immense staff response, the Bank’s MD & CEO Baldev Prakash said, “From the day one, you have never failed to amaze me with your profound sense of commitment and belief in the bright future of this wonderful Bank. I am truly over-whelmed by your brisk and whole-hearted participation in the scheme that led to the over-subscription in first three days of the issue.”

“I am sure that the over-subscription shall boost stakeholders perception especially that of investors about our strong belief and requisite will to script a new chapter of glory towards making J&K Bank one of the best and most successful financial institutions in the country”, he added.

With a view to share with the employees’ the value created by them, the Bank launched its Employees Stock Purchase Scheme (ESPS - 2023) to promote and increase their direct ownership and participation in the institution.

Members of the staff associations thanked the Bank’s board and management for providing employees such great opportunity to invest and increase their stakes further in the institution.

And with this kind of staff-response, we have deepened our emotional equity further while exhibiting our belief in the unrealized potentialities of the Bank that rides and rises steadily on 85 year-old legacy of public-trust and profitability, they said in unison.

Notably, under the ESPS -2023, the Bank has received applications for subscription of over 9.27 Cr shares amounting to around Rs 364 Cr.

Pertinently, the Bank’s Board had approved to offer up to 7 Cr new equity shares under the scheme to the employees thereby enabling them to subscribe to Bank’s equity at a decently discounted price against the market value as per SEBI approved formula.

The number of Bank's equity shares shall, however, be allotted proportionately to the staff as per the laid-down eligibility criteria.

14/03/2023

For every ambition of yours, we have a perfect financial companion. With the Stand Up India Scheme through J&K Bank, we ensure that every SC or ST individual or woman with a viable business plan, has our support.

14/03/2023

J&K Bank inks agreement with LIC of India
With a view to provide its customers a wider range of life-insurance products and services, Jammu and Kashmir Bank today entered into an agreement with the country’s insurance giant Life Insurance Corporation (LIC) of India.
General Manager (Cross Selling Vertical) Narjay Gupta signed the agreement on behalf of J&K Bank, while as, Regional Manager (MBAC) P K Saxena put in his signatures representing LIC India in presence of Bank’s Executive Director Sudhir Gupta, General Manager Syed Rais Maqbool, LIC of India’s Senior Divisional Manager Dinesh Tanania besides senior officials of J&K Bank and LIC of India at Bank’s corporate headquarters. The agreement will be effective from April 1, 2023.
Terming the agreement a milestone set to benefit Bank’s growing clientele, Executive Director Sudhir Gupta said on the occasion, “With customer welfare at the heart of Bank’s policies, the tie-up with LIC of India - a premier insurance company in the country - will provide our customers an access to wider range of products that LIC offers while adding to Bank’s non-interest income. This association will surely be beneficial to both the organisations.”
Pleased with the tie-up P K Saxena hoped that association between two leaders in their own operational domains will script a new chapter of success in serving the people. He said, “We are excited with the journey we have embarked upon with leading financial institution in UTs of J&K and Ladakh. By offering the industry-best insurance related products and services to customers, I am sure our company will gain greatly from J&K Bank’s extensive network of touch points selling our products.”
Sounding optimism General Manager Narjay Gupta said, “LIC’s products and J&K Bank’s second-to-none services will bring laurels to both the institutions going forward as the agreement will provide greater choice of insurance solutions to the customers.”
On the occasion General Manager Syed Rais Maqbool asserted that both the organisations will live up to the expectations of their stakeholders so as to build further on their reputation. “Our country has a vision to insure every individual in the times to come. I think this collaboration will play its part greatly in achieving the national goal across our operational geographies”, he added.

13/03/2023

J&K Bank ties-up with Seth Industrial Corporation

With a view to facilitate its customers, J&K Bank today entered into an agreement with Ludhiana-based Seth Industrial Corporation (SIC) – one of the leading manufacturers in wide assortment of electric vehicles like e-Bikes, e-Scooters, e-Rickshaws in the country under the Brand name 'Neelam'.

Deputy General Manager Imtiyaz Ahmad Bhat signed the MoU on behalf of the Bank while as Rajesh Seth put in his signatures as Joint Director/Partner of SIC in presence of Business Head (SIC) Ranbir Singh Saini during a function organised at the corporate headquarters of J&K Bank.

Speaking on the occasion, DGM Imtiyaz Ahmad Bhat said, “Through this tie-up we are happy to offer easy, affordable and attractive financing solutions to our customers while encouraging electric vehicular transport in the country. As part of our green policy initiatives, we are already partnering with many such electric vehicle manufacturers throughout our operational geographies.”

While commenting on the importance of affordable financing, Rajesh Seth said that the demand for electric vehicles was only growing but easy and hassle-free finance was the main supply-side constraint. “However, after signing the MoU with J&K Bank, which is the premiere financial institution in UTs of J&K and Ladakh with strategic presence across the country; I feel the partnership will enable us to scale our operations and provide eco-friendly ride besides sustainable livelihood to our common clientele.”

Notably, the bank’s customers can avail a range of concessions from SIC that primarily includes over the counter discount of Rs 3000 along with three free services without charge. Also, the clients availing finance from J&K Bank can avail the company’s extended warranty period of 3 years on Lithium Batteries instead of 2 years for general customers besides 21 months warranty time on other batteries instead of 18.

03/03/2023

Give your business dreams the top priority. With the Prime Minister's Employment Generation Programme Scheme (PMEGP) through J&K Bank, get hassle-free assistance to make your business journey a successful one.

23/02/2023

Ride in joy with loved ones in your dream car.
Avail with J&K Bank car loan with a repayment period up to 84 months and own your dream car today.

21/02/2023

Begin a new journey towards your dream home with J&K Bank Housing Loans at attractive interest rates. Apply today!
For details: http://bit.ly/3YNXTlc

03/02/2023

It's time to take your loved one's on a ride in your dream car. With J&K Bank Car Loan, own your dream car today at attractive interest rate. Women borrowers can enjoy a rebate of 0.25% in the interest rate.
For further details click: http://bit.ly/3JzULVj