SRINAGAR: Khyber Cement has signed a Memorandum of Understanding (MoU) with Jammu and Kashmir Bank to enhance its employees’ financial well-being through preferential banking facilities, insurance coverage, and other financial benefits under the bank’s Corporate Salary Package.
The agreement seeks to strengthen employee welfare by providing eligible Khyber Cement employees access to zero-minimum-balance salary accounts, digital banking facilities, personal accident insurance coverage, concessions on select loan products and other preferential banking services.
The MoU was signed at Khyber Cement’s corporate office by Manzoor Ahmad Mir, Head of Commercial, Legal and Regulatory Affairs at Khyber Cement, and Sheikh Mohammad Muzaffar, Zonal Head Kashmir at J&K Bank. Arshad Qadri, Divisional Head Kashmir at J&K Bank, was also present at the signing ceremony.
Umar Tramboo, Director Corporate and Strategy at Khyber Cement, said the partnership reflected the company’s commitment to employee welfare and long-term financial security.
“At Khyber Cement, we believe that our greatest strength lies in the people who drive our progress. Our partnership with J&K Bank reflects our commitment to their financial well-being and long-term security,” he said.
Tramboo added that the company remained focused on creating a workplace where employees felt valued and supported, emphasising that organisational growth was closely linked to employee welfare.
Manzoor Ahmad Mir said the association would help enhance employee welfare through accessible and convenient banking solutions. He expressed confidence that the partnership would develop into a mutually beneficial relationship, delivering lasting value to employees.
Arshad Qadri said J&K Bank was pleased to strengthen its association with Khyber Cement, which he described as an institution that had contributed to Jammu and Kashmir’s industrial landscape.
Through the Corporate Salary Package, the bank aims to offer employees convenient banking services and financial benefits, Qadri said, adding that the partnership reflected its commitment to strengthening institutional relationships and delivering value to customers.
The agreement brings together two institutions operating in Jammu and Kashmir’s industrial and banking sectors, highlighting the role of corporate-bank partnerships in improving employee access to financial services and supporting regional economic development.
