SRINAGAR: J&K Bank on Tuesday entered into a “strategic tie-up” with M/s Omkar Nest Pvt Ltd, a reputed housing company in North India.
The bank’s Vice-President (Strategy & Business Development), Tabassum Nazir, signed the Memorandum of Understanding (MoU) in presence of President S K Bhat at its headquarters here, the bank said in a release issued here.
Director M/S Omkar Nest Pvt Ltd, Vimal Kumar, also signed the agreement, it said.
Speaking on the occasion, Tabassum Nazir said, “J&K Bank has always been tailoring products according to the needs and requirements of the varied segments of state economy.”
“The bank has renewed its focus on the housing sector in the state. Providing finance for housing needs of our customers through such tie-ups is part of the renewed focus on the sector,” she added.
Kumar assured quality housing product at affordable prices and timely delivery.
Through this tie-up all the business units of the bank across India will provide housing finance for residential flats of OMKAR Nest’s project, called Royal Nest, being constructed at Noida.
The Company plans to offer attractive housing solutions to the people of J&K, said the bank.
Project Head of Omkar Nest, Deepak Razdan, was also present on the occasion, it said.