JK Bank dedicates ambulance to Central University of Jammu under CSR initiative


Under its corporate social responsibility initiative, J&K Bank on Saturday dedicated an ambulance to the Central University, Jammu for the benefit of the students. The keys of the ambulance were handed over by the Chairman & CEO, Parvez Ahmed, to the University Vice-Chancellor, Prof. Ashok Aima in presence of Registrar, Dr Ravi Kumar, Dean, Dr Lokesh Verma, senior faculty members of the Central University and senior management of the bank.

The spokesman said earlier, an interactive session between the two heads of the institutions was held here in the office chambers of the chairman. During the interactive session, Prof Ashok Aima apprised J&K Bank Chairman about the various opportunities for industry-academic collaboration for promoting research which he said was the backbone for sustainable growth in the region.

J&K Bank Chairman, Parvez Ahmed, said that J&K Bank valued the collaboration with Central University and aimed at providing innovative, state of the art customized products & services to the faculty and students of the University besides encouraging partnership with the academics for the promotion of entrepreneurship culture in the state. He said that the ambulance facility to the University is a step towards Bank’s commitment as a responsible corporate citizen of the state and reiterated the Bank’s resolve to undertake such activities beyond the mandated Corporate Laws. While evincing keen interest in the outreach activities of the Central University of Jammu he added that the University had come up really fast and was playing an important role in promoting cross-cultural student interaction especially under its Ek Bharat Shresth Bharat initiative across the country.

The Chairman proposed to set up a Digital Lounge and a full-fledged Business Unit in the Central University Campus which was agreed to by the Vice Chancellor who directed the concerned for allocation of land to the Bank for construction of its own building. The Chairman announced a Preferred Customer status to the central university for providing its popular Phone Pe Loan facility for the faculty and staff of the Central University. Under the facility, the loan is applied through bank’s mobile application May and is processed/sanctioned in two hours besides dispensing with any visit to the Business Unit for availing of the loan.

The vice-chancellor in his statement appreciated the bank’s gesture of concern and compassion. While receiving the ambulance, he said, “Under its CSR Mission, J&K Bank is always at the forefront of such humanitarian interventions in the state besides being the flagship company of J&K. We feel grateful for the ambulance and wishes the institution great successes in future.”

The vice chancellor highly appreciated the role of the bank in socio-economic development, particularly in the area of creating a huge job market for the youth of the state. “Under the dynamic leadership of the chairman Parvez Ahmed, the bank has been successfully forging a useful partnership with leading academic institutions across the state through various initiatives, which is laudable. The bank is helping us (the lead academic institutions) to train our students for self-employment ventures rather than looking at government jobs. The kind of schemes and financial assistance provided by the bank for the overall benefit of the students/youth is definitely going to address the unemployment issues in the state. I see a bright future as far as job market for our educated youth is concerned as the students we train will be future job providers instead of job seekers,” said the vice-chancellor.

He also appreciated the bank for agreeing to provide all facilities to the prospective entrepreneurs through a single window.

Notably, the Bank was instrumental in converting the Central University to Cashless Mode by introducing Easy Collect module/IPG services of the bank for front-line fee collections, besides providing Cashless facilities at canteen & hostel of the University by installing ATM/POS/e-Com machines. Remarkably, the chairman had earlier announced the ambulance facility for students during the launch of multi-function Smart Campus card at the University.


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