J&K Bank sets up Special Cash Counter at SMVD Bhawan for Navratra pilgrims On the auspicious occasion of Navratra, J&K Bank today established a Special Counter at its Business Unit at Shri Mata Vaishno Devi Bhawan (SMVDB) to facilitate fresh currency notes and provide note exchange services to the devotees visiting the revered shrine. CEO, SMVDSB, Sachin Kumar Vaishya (IAS) and the Bank’s General Manager & Divisional Head (Jammu), Ashok Gupta, inaugurated the Fresh Cash/Note Exchange Counter in the presence of SDM Bhawan Anshumali Sharma, ADC Mr Sher Singh, Tehsildar Mukesh Thappa, senior officials of the Shrine Board, Head Pandit Gopal Sharma, Branch Head Gourav Modi, officers of the Bank, and a large number of devotees from across the country. Speaking on the occasion, CEO SMVDSB lauded the Bank’s continued efforts in facilitating pilgrims through such initiatives and appreciated its comprehensive banking support to the Shrine Board and its employees. He also commended the Bank’s role in extending modern banking services along the entire pilgrimage route for the convenience of devotees. Earlier, while welcoming the dignitaries, General Manager Ashok Gupta expressed gratitude to the Shrine Board for its continued patronage and support. He reiterated the Bank’s commitment to providing best-in-class services to the Shrine Board, devotees, and the general public. “Operating at the Bhawan since the constitution of the SMVD Shrine Board, our branch remains dedicated to serving the Board, the establishments at Bhawan, the workforce, and the lakhs of devotees visiting the holy shrine. The Bank has also deployed a dedicated team to assist the Board in managing the cash received as public offerings,” he said. He further added that the Bank has established three branches and installed nine ATMs from Katra to Bhawan, ensuring seamless and accessible banking services for pilgrims. “On special occasions like Navratra, we make additional arrangements such as fresh cash availability and note exchange facilities to enhance convenience for devotees,” he added. Notably, prior to the inauguration on the first day of Navratra, General Manager Ashok Gupta performed pooja at the branch premises along with the Bank staff. The function concluded with a vote of thanks by Branch head Bhawan Mr Gourav Modi, who expressed gratitude to all the dignitaries and participants. #JKBank #JKBank
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J&K Bank strengthens relationship with Shri Mata Vaishno Devi Shrine Board Renews MoU to reaffirm mutual trust Reinforcing their long-standing partnership, J&K Bank today renewed its Memorandum of Understanding (MoU) with the Shri Mata Vaishno Devi Shrine Board (SMVDSB) to further strengthen institutional banking arrangements and extend enhanced financial services to the Board and its employees. The MoU was formally signed by Cluster Head Amit Bargotra on behalf of the Bank while Additional CEO SMVDSB Alok Kumar Maurya put in his signatures representing the Shrine Board, in the presence of Bank’s General Manager & Divisional Head (Jammu) Ashok Gupta, FA/CAO SMVDSB Pawan Kumar Sharma, DGM SMVDSB Rajesh Sharma and Branch Managers Samresh Salgotra and Kapil Nanda. The renewed agreement reaffirms J&K Bank’s position as a preferred banking partner of SMVDSB, with the Shrine Board continuing to maintain its banking relationship and deposits with the Bank. The partnership also facilitates closer engagement with the Board’s employee base for delivering seamless and customized financial solutions. Speaking on the occasion, Additional CEO of the Shrine Board Alok Kumar Maurya termed J&K Bank as a reliable and responsive banking partner for SMVDSB over the years. He further said, “This renewed MoU not only underpins our mutual trust but also enhances the scope of benefits available to our employees through tailored financial solutions. We look forward to continuing this strong partnership for greater efficiency, convenience and value creation.” In his remarks, GM & Divisional Head (Jammu) Ashok Gupta said, “Our enduring association with the Shri Mata Vaishno Devi Shrine Board is built on mutual trust and shared commitment to excellence. The renewal of this MoU reflects our resolve to further strengthen this relationship by delivering customized, technology-driven and customer-centric banking solutions to the Board and its employees.” “We deeply value the confidence reposed in us and remain committed to supporting SMVDSB with best-in-class financial services”, he added. Notably, under the MoU, the Bank will offer a comprehensive bouquet of tailored banking services to SMVDSB and its employees. These include specially designed salary account variants with zero balance facility, free international debit cards with enhanced transaction limits, and a full suite of digital banking services such as mobile, internet, and phone banking along with SMS alerts. The agreement also provides for Group Personal Accidental Insurance (GPAI) cover and concessional loan facilities to employees, including preferential interest rates, higher eligibility limits, and simplified documentation norms. Employees will further benefit from overdraft facilities linked to salary accounts, as well as access to investment services including Demat and trading accounts. Additionally, the Bank will extend market-competitive rates on deposits of the Shrine Board, while ensuring efficient service delivery through dedicated coordination and enhanced digital integration for improved turnaround time. #JKBank #JKBank
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J&K Bank hosts CERSAI’s 23rd CKYC Awareness Programme at CHQ Executive Director Sudhir Gupta chairs inaugural session Reinforcing its commitment to strengthening compliance frameworks and promoting regulatory awareness across the financial sector in the region, J&K Bank today hosted the 23rd Awareness Programme on Central KYC Record Registry (CKYCRR) conducted by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) at its Corporate Headquarters here. Notably, this was the first-ever such programme on CKYC held in the Union Territory of Jammu & Kashmir, aimed at providing comprehensive insights on KYC/AML compliance, effective utilization of CKYC data available at CKYCRR, and the processes to be followed by regulated entities. The inaugural session of the programme was chaired by the Bank’s Executive Director Sudhir Gupta and attended by senior officials from the financial regulatory ecosystem including Deputy Director, Financial Intelligence Unit – INDIA G. Anand, DGM & Chief Technology Officer CERSAI Vijendra Pal Singh, and the Bank’s General Manager & Group Compliance Officer Peer Masood Ahmad, besides senior officials from banks and financial institutions operating across the Union Territory. AGM RBI Anmol Chopra and his team joined the event virtually from the RBI Central Office in Mumbai. The programme witnessed enthusiastic participation from officers representing multiple regulated entities across the region. Addressing the gathering, Executive Director Sudhir Gupta highlighted the growing importance of robust compliance mechanisms in an increasingly digital financial landscape. He said, “The rapid expansion of digital transactions has increased exposure to risks such as cyber frauds, identity theft, mule accounts, money laundering and terror financing. In such an environment, strengthening Know Your Customer and Anti-Money Laundering frameworks becomes extremely important to safeguard the integrity and credibility of the financial system. This is where the Central KYC Records Registry, or CKYCRR, assumes great significance.” He further emphasized the Bank’s efforts to integrate compliance systems with technology-driven processes. “Over the past few years, J&K Bank has taken consistent steps to integrate CKYCRR processes within our internal systems and to digitize KYC records across our branch network. At the same time, we have focused on training and capacity building, ensuring that our employees remain well equipped to understand and implement evolving compliance requirements. Because ultimately, the strength of any regulatory framework depends not only on systems and technology, but also on the people who implement it,” he added. Underscoring the significance of such knowledge-sharing initiatives, ED remarked that programmes like the CERSAI Awareness Programme help build stronger compliance culture within the financial sector. Earlier, while welcoming the participants to the programme, the Bank’s General Manager & Group Compliance Officer Peer Masood Ahmad said, “We are honoured to host CERSAI’s 23rd such programme—and the first on CKYC in the Union Territory of Jammu & Kashmir. The presence of top executives and experts underscores the timeliness of this gathering amid India’s dynamic financial landscape.” Highlighting the critical role of KYC and AML frameworks, he said, “The KYC and AML systems form the ‘first line of defence’ for the integrity and stability of India’s financial system. By adopting proper KYC/AML practices we can stop the misuse of banking channels by terrorists, money launderers or narcotic traders.” Reaffirming the Bank’s commitment towards strengthening compliance awareness, he added, “At J&K Bank, we champion this defence. And we remain committed to supporting such initiatives that strengthen regulatory awareness, promote best practices in compliance, and enhance the overall robustness of the financial ecosystem. With over 200 participants from various regulated entities, the discussions and knowledge-sharing sessions today undoubtedly contributed to improving compliance practices and operational efficiency across the financial sector in the region.” During the programme, expert presentations were delivered by officials from the Reserve Bank of India, Financial Intelligence Unit–India (FIU-IND) and CERSAI. The sessions covered topics including KYC–AML regulatory framework, AML/Counter-Terror Financing (CTF) compliance, and the operational aspects and utilization of the CKYCRR platform. The presentations were followed by an interactive question-and-answer session, where participants engaged with the experts to clarify operational and regulatory issues relating to KYC and AML compliance. The programme concluded with a vote of thanks by the Bank’s AGM (KYC-AML) Noorul Ameen, who expressed gratitude to the dignitaries and participants for their active involvement and placed on record the Bank’s appreciation for CERSAI for conducting such a prestigious programme in Jammu and Kashmir. #JKBank #JKBank