Srinagar, Oct 27: Khyber Cement has signed a Memorandum of Understanding (MoU) with Jammu & Kashmir Bank under the bank’s Corporate Salary Package to enhance employees’ access to banking facilities and financial benefits.
The partnership aims to strengthen employee welfare by providing eligible staff with preferential banking services, insurance coverage and greater financial security.
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, in the presence of Arshad Qadri, Divisional Head Kashmir, J&K Bank.
Under the agreement, Khyber Cement employees will be eligible for a range of benefits, including zero-minimum-balance salary accounts, digital banking facilities, personal accident insurance coverage, concessions on select loan products and other preferential banking services.
Umar Tramboo, Director Corporate and Strategy at Khyber Cement, said employee welfare and long-term financial security remained central to the company’s approach.
“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 work environment where employees felt valued, supported and empowered, noting that organisational growth went hand in hand with employee well-being.
Manzoor Ahmad Mir said the partnership reflected the company’s commitment to improving employee welfare through accessible and convenient banking solutions. He expressed confidence that the association would deliver 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 provide employees with convenient banking services and financial benefits, Qadri said, adding that the partnership reflected its commitment to strengthening institutional relationships and delivering greater value to customers.
