J& K Bank today followed the earlier exemplary action of terminating its employee found involved in the unfortunate incident at B.U. Ratnipora on July 28th with fulfilment of commitment to rehabilitate the deceased girl’s family by extending a financial assistance of Rs 25 lacs. The move is aimed at providing a respectable livelihood to them and also ensures quality education to her two minor siblings.
The amount contributed by the Bank (under CSR) and its staff jointly and invested in the joint names of family members under Banks Monthly Yield Program, was presented to the family by Chairman and CEO, Parvez Ahmed at Bank’s Corporate Headquarters in presence of Executive President Vagish Chander, President P K Tickoo, Vice President M A Wanchoo, Zonal Head South-I Tasaduq Ahmed Dar, Cluster Head Muzafar Qadri and other Senior Officers of the Bank. The Investments hence made shall ensure a reasonable and regular monthly pay outs amounting to Rs.13500/- to the family apart from keeping a safe capital cushion for future contingency.
Hailing employees of the Bank for their spirit and sensitivity to social concerns at the occasion, Chairman highlighted their inherent willingness to walk extra mile at every occasion when it came to taking up issues of critical social importance. He thanked the employees of the Bank for voluntarily responding to the message for supporting the distressed family and appreciated the willingness expressed by many of the employees to contribute even higher than the desired amount.
Chairman while recollecting the developments post the unfortunate incident informed that the decision of terminating the accused employee immediately on hearing about the tragic news was taken by the Bank’s Management to send a strong message of intolerance towards the unethical conduct at its work places. He remarked that the faith and trust reposed by the people of the State on the Bank and its employees must be protected at all costs.
Chairman while interacting with the deceased girl’s parents suggested them in an appealing tone to explore all possible means for educating their two minor children in the best possible mode and medium with the extended financial support and assured them of Bank’s endeavor to facilitate fulfilling their cherished dreams on the path of educating their children. The scene turned emotional when the two minor siblings (A Boy and a Girl) of the deceased while interacting with the Chairman expressed their career desires of becoming a doctor and a teacher respectively. Visibly Emotional Chairman prayed for fulfillment of their career wishes and wished all humans a life without distress.
On the sidelines at the occasion, Chairman while addressing the members of the Bank management present there advised them to build highest standards of Corporate Governance and professionalism in the Bank. He emphasized on introducing such deterrents which ensure zero recurrence of such incidents in future. He also directed them to highlight to the staff, the resultant outcome of the collective effort by way of their joint contribution which is bound to change the destiny of a destitute family and inspires us all to undertake such initiatives with consistence in future.