J&K Bank

J&K Bank expands Corporate Salary Package outreach through eight new partnerships Further strengthening its corporate and institutional outreach, J&K Bank has entered into Corporate Salary Package (CSP) agreements with eight valued clients across Jammu, Punjab and Chandigarh. The agreements have been signed last week with Avisoft; The New Gandhi Memorial Educational Society (The Asian School), Miran Sahib, Jammu; Samrat Forgings; Pioneer Industries, Pathankot; Gullu Group—comprising Gullu Exclusive International Weaves Private Limited, Shikha Textiles and Rishab Textiles; Riddhi Siddhi Warehousing Corporation; Bittu Soft Drinks; and Gurjeet Labour Contractors. The partnerships will bring a confirmed combined workforce of more than 1,500 employees and workers into the Bank’s salary-banking fold, with the overall coverage expected to be higher. Under the agreements, eligible employees will have access to customised salary accounts, convenient digital-banking services and a range of retail financial products, including personal and consumer loans, insurance and credit cards. Through such partnerships, the Bank is steadily deepening its engagement with diverse segments of the salaried workforce in the private sector. By bringing employees and workers within the formal banking fold and providing them access to appropriate savings, protection and credit solutions, the Bank aims to support their evolving financial aspirations and enable their upward economic mobility. Besides providing employees with convenient, technology-enabled and customer-centric banking services, the tie-ups will support salary-account acquisition, CASA mobilisation and cross-selling of relevant financial products. The agreements mark another significant step in expanding the Bank’s salary-banking portfolio and building enduring relationships with prominent corporate and educational institutions across its operational geographies. #JKBank #JKBank