J&K Bank Officers Association Felicitates Retired Employees



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Jammu and Kashmir Bank Officers Association organized annual felicitation of retired officials of the Bank at Zorawar Singh Auditorium, Jammu.

Jammu and Kashmir Bank Chairman Parvez Ahmad inaugurated annual felicitation function of retired officials of the Bank at Zorawar Singh Auditorium, Jammu.

A bank spokesman in a statement said the felicitation function which was graced by J&K Bank Chairman & CEO, Parvez Ahmed as Chief Guest witnessed the felicitation of 149 officers of the bank who attained the age of superannuation during the last two years. J&K Bank Executive Presidents P.K. Tikoo and R.K. Chibber, President  Rakesh Gandotra and Arun Gandotra were also present on the occasion.

Addressing the retired fraternity of the Bank, Parvez Ahmed said, “The Bank where it stands today is the result of persistent hard work and passion of the retired employees over the years who built a strong foundation year on and have given a stable, progressive institution to the current generation of JK Bank family. I personally recall all the revered Officers and senior teammates with whom I learnt and worked over the years and express my gratitude to the generous guidance that I was offered over the course of my career. I must mention the strong culture of mentorship that was present at that time and I urge upon today’s leaders to revive and enhance the concept of mentoring junior management employees during various assignments and build a strong culture of the collective spirit of growth.”

Speaking about retired employee welfare, he said, “The welfare and secure future of employees and their families is an idea most close to my heart and I feel very satisfied at the various steps and new schemes we have undertaken particularly towards both working and retired employees. Your contribution to this premier Institution is exemplary which will be remembered by generations of J&K Bank. While this forum is an opportunity of interaction with you, I am delighted to learn how keenly you all continue to think about the welfare of the Bank by offering your valuable, experience rich suggestions towards the overall processes and direction of the Bank.”

Speaking about the Bank’s vision for the current financial year, he said, “Bank has seen six consecutive quarters of profitability and going forward, we will witness favorable results in the current quarter as well. Bank while building on its age-old values and passionate spirit of service is embracing new practices via its long-term transformation strategy which has started to give positive results. Go all out to leverage our potential in business mobilization to maximize the business of the Bank to not only ward off the dynamic risks emerging in the banking sector but also to offset the various cost pressures on our balance sheet be it the enhanced provisioning, wage revision, regularizations in the subordinate cadre, career progression across the board and incremental investment in establishment of infrastructure for employees comfort and convenience. We must collectively strive hard to achieve the envisaged profit figure of Rs.2000 Crore business by the end of FY 2021-22, and given the sincerity, commitment, and dedication of the bank’s human capital towards the institutional business goals I have firm belief that we will surpass the figure. This shall also enable the bank to shore up its capital base by plough back of profits.”

“Alongside, we consistently strive to give back positively to the society through our CSR initiatives. On the occasion, the Chairman also consented to take up the pensioner’s demand to include the retirees of the bank under the ambit of MoU signed between J&K Bank and SMVDU Narayana Hospital which offers a special rebate of 15 % on all their services,” he said.

The Chairman also assented to revise the Family Pension in respect of Twenty Three cases pertaining to those who got retired before 1996 and were drawing a meager pension of Rs 3000 per month.

Earlier Arjun Singh Rathore Vice President JKBOA Jammu unit welcomed all the dignitaries at the event. While extolling the role of all the retirees present at the venue, he termed them as real heroes who have strengthened the Bank for which their services can never be forgotten.

He also described  Parvez Ahmed as a Peoples Chairman for his empathetic approach and sensitivity towards the needs of each and every employee of J&K Bank family.

Tassaduq Madni, President of AIJKBOF expressed the bank’s indebtedness and gratefulness towards its ex-employees as the seeds of their hard work are now bearing fruits towards securing the current generation’s future, a legacy which must be carried forward earnestly.

The President of J&K Bank Retired Employee’s Federation S. Mohinder Singh gave a brief overview of the transitions witnessed by the bank since its inception in 1938. The vote of thanks was presented by Vice President of JKBOA Jammu Unit.


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