Ganderbal: To provide modern banking facilities, services and solutions to the students, staff and other stakeholders, the Central University of Kashmir (CUK) Wednesday inked a Memorandum of Understanding (MoU) with Jammu and Kashmir Bank (JKB) at Green Campus of the varsity here on Wednesday.
The MoU was signed by Registrar CUK Prof Fayaz Ahmed Nikka and President S&IT J&K Bank Rakesh Gandotra in presence of CUK Vice-Chancellor, Prof Mehraj ud Din Mir and J&K Bank Chairman and CEO, Parvez Ahmed.
The MoU is intended to enable the two institutions to work together and help in better social change. Under the MoU, the bank shall be providing better banking services to the students, staff and faculty of the University.
Deans of various faculties, Director Research and Development, Prof Abdul Gani, Controller of Examinations, Prof Parveen Pandit, senior functionaries of the university, Executive Presidents of J&K Bank, P K Tickoo and Rakesh Chibber and President S&IT, Rakesh Gandotra were also present on the occasion.
Vice-Chancellor Prof Mehraj-ud-Din said that the people of Jammu and Kashmir consider J&K Bank as its own bank, adding that the masses have rich personal experiences of dealing with the officials of the J&K Bank in their respective branches and offices. He lauded the bank chairman for taking the bank to the newer heights and said the institution was moving ahead under his leadership. He said the J&K Bank has adopted all the modern technological advancements in banking for the benefit of the customers. He said the J&K bank is playing a vital role in providing employment opportunities to the youth of the State.
Prof Mir described the MoU as a milestone in the history of CUK. He desired the bank to construct a state-of-the-art branch at the designated Campus at Tulmulla for which the land shall be made available by the varsity. He asked the Bank Chairman to partner CUK in its overall growth and development. Prof Mir also gave a detailed account about the functioning of the university and programmes offered.
Chairman and CEO, J&K Bank, Parvez Ahmed described the signing of MoU as a momentous occasion and assured that the bank would provide every possible assistance to the students and other staff members with regards to the facilities mentioned in MoU. “The pearls of the ancient wisdom are that the secret of the change is to focus the energy building the new and not on fighting the old,” he said while referring to the building of relationship between the varsity and the bank. He also stated that the CUK’s academic approach with an objective to uplift and empower the society is in sync with the larger objectives of J&K Bank to empower every individual and household for the overall economic upliftment. Parvez Ahmed said that after taking over as Bank Chairman, his focus has been to develop strong linkages with institutions, particularly with educational institutions, which produce the future leaders. He said the bank understands the needs of the educational institutions and accordingly customizes its services.
Registrar, Prof Fayaz Ahmad Nikka termed the signing of MoU as a milestone in the history of CUK and J&K Bank. “The objective of both organizations, by and large is common, that is social change. CUK is mandated to bring about social change through education and empowerment and J&K Bank has a similar mandate of financial empowerment. Prof Fayaz expressed optimism that the signing of MOU shall help the university to reap better dividends for its students, staff and faculty and at the same time shall help the bank in better credit creation for the overall benefit of the society.
Earlier, Vice-chancellor and the Chairman jointly inaugurated the ATM of the bank at the Green campus. Under its CSR programme, the J&K Bank donated a 32-seater bus to the university.