SRINAGAR: Informerics Ratings and Jammu and Kashmir (J & K) Bank have renewed their Memorandum of Understanding (MoU) on September 11, 2023.
The MoU, initially signed in January 2019, has been extended for a period of five years. Under this agreement, Informerics Ratings will continue to provide comprehensive rating services to J & K Bank’s clients.
This renewal holds significance for both the union territory of J&K and the parties involved. It is expected to enhance awareness and efficiency in the rating process, due diligence, and turnaround time.
This mutually beneficial arrangement is poised to benefit both institutions and contribute positively to the financial system.
Key officials from Informerics Ratings, including Suraj Malik, Whole Time Director, BK Bajaj, CEO, and Dr Manoranjan Sharma, Chief Economist, met with Baldev Prakash, MD & CEO of J & K Bank, along with other top executives, including Ashutosh Sarin, General Manager, and Dr Altaf Hussain Kira, Chief Risk Officer.
This collaboration aims to foster a partnership for development between the two institutions.
