Srinagar: J&K Bank has signed three separate agreements under its Corporate Salary Package (CSP) with Delhi Public School (DPS) Budgam, HK Automobiles Pvt Ltd and Himalayan Motors, bringing a total of 887 employees under the scheme.
According to the bank, the agreements will provide employees of the three institutions access to banking services and benefits available under the Corporate Salary Package.
The largest agreement was signed with Himalayan Motors, covering 405 employees. The MoU was signed by J&K Bank’s Zonal Head, Srinagar, Sheikh Mohammad Muzaffar, and Managing Partners of Himalayan Motors, Ghulam Mohammad Beigh and Bashir Ahmad Beigh.
Another agreement was signed with DPS Budgam, extending the salary package to 341 employees of the institution. The MoU was signed by Zonal Head, Budgam, Layek Ahmad Jan, and a representative of the school.
The bank also formalised a CSP arrangement with HK Automobiles Pvt Ltd (HK Hyundai), bringing 141 employees under the scheme. The agreement was signed by Sheikh Mohammad Muzaffar and HK Automobiles Director Ghulam Mohi-ud-Din.
Bank officials said the agreements were part of efforts to expand institutional banking relationships and provide customised financial products and services to salaried employees across Jammu and Kashmir.
During the signing ceremonies, bank representatives briefed the participating institutions on the features and benefits available under the Corporate Salary Package.
