Jammu and Kashmir Bank signed a memorandum of understanding with the Administration of Ladakh union territory, conferring preferential status to each other.
MOUs and Agreement
Jammu and Kashmir Bank signed a memorandum of understanding with the Administration of Ladakh union territory, conferring preferential status to each other. According to the MoU, the Ladakh UT Administration would nominate J&K Bank as ‘preferred banker’ for all its banking-related services, while as, J&K Bank would give the ‘most favoured client’ status to UT Administration and its active permanent employees who maintain their salary accounts with the Bank. Lieutenant Governor Ladakh (UT) R K Mathur also handed over the keys of the e-rickshaws provided by J&K Bank to the University of Ladakh besides the commitment letter under which J&K Bank would provide support to 50 tuberculosis (TB) patients from Kargil.
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