Khyber Cement signs MoU with J&K Bank

Srinagar, Oct 27: Reinforcing its commitment to employee welfare and financial wellbeing, Khyber Cement has signed a Memorandum of Understanding with Jammu & Kashmir Bank under the bank’s Corporate Salary Package, aimed at providing eligible employees with enhanced banking facilities, financial benefits and greater financial security. The partnership reflects Khyber Cement’s continued focus on employee centric initiatives and strengthening institutional collaboration.
The signing ceremony was held at Khyber Cement’s Corporate Office, bringing together senior representatives of both institutions. The MoU was formally signed by Manzoor Ahmad Mir Head Commercial Legal & Regulatory Affairs, Khyber Cement, and Sheikh Mohammad Muzaffar, Zonal Head Kashmir, J&K Bank, in the presence of Arshad Qadri, Divisional Head Kashmir, J&K Bank.
Under the agreement, employees of Khyber Cement will gain access to J&K Bank’s Corporate Salary Package, offering a comprehensive range of banking 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 & Strategy, Khyber Cement, said, “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. We remain focused on creating an environment where our employees feel valued, supported and empowered, because the growth of our organisation goes hand in hand with the well being of our people.”
Speaking on the occasion, Manzoor Ahmad Mir, Head Commercials, Legal & Regulatory Affairs, Khyber Cement, said, “This partnership with J&K Bank reflects our commitment to enhancing employee welfare through accessible and convenient banking solutions. We look forward to a strong and mutually beneficial association that delivers lasting value to our employees.”
The initiative underscores Khyber Cement’s continued focus on fostering a people-centric work environment, recognising employee well being as an essential component of sustainable organisational growth.
Highlighting the significance of the association, Arshad Qadri, Divisional Head Kashmir, J&K Bank, said, “We are pleased to strengthen our association with Khyber Cement, a name that has contributed significantly to Jammu & Kashmir’s industrial landscape. Through our Corporate Salary Package, we aim to provide its employees with convenient banking solutions and meaningful financial benefits. This partnership reflects our continued commitment to building strong institutional relationships while delivering greater value to the people we serve.”
The collaboration brings together two established institutions with deep roots in Jammu & Kashmir, highlighting the importance of partnerships between the industrial and banking sectors in promoting financial inclusion, institutional growth and regional economic development.