Strengthening further its longstanding association with National Institute of Technology (NIT) Srinagar, J&K Bank under its corporate social responsibility (CSR) program Tuesday commissioned a water treatment plant at NIT Hazratbal. The bank also donated 60 uninterrupted power supply (UPS) units for computers donated by NIT to five government schools.
Chairman and CEO Parvez Ahmed and Director NIT Dr. RakeshSehgal jointly commissioned the water treatment plant besides inaugurating therefurbished premises of the bank’s model Business Unit within the campus alongwith two ATMs, in presence of registrar NIT Dr S K Bukhari and bank’s executivepresident R K Chhibber.
Speaking on the occasion, chairman and CEO Parvez Ahmed saidthe two prestigious institutions— the J&K Bank and the NIT (erstwhileregional engineering college)— have been playing significant role in shapingthe financial, technical and technological landscape of J&K for quite along time.
Urging the director and the faculty of the NIT to develop an”ecosystem of industry academia partnership” for integrating the education withthe skills, the chairman J&K Bank said, “A lot of brainstorming needs to bedone on issues like integrating education with skills in almost all the sectorsand for that I would like to request the NIT director and his team to show theway by collaborating with the major industries of the country in all thesectors.”
He added: “We at JK Bank will be more than willing tocollaborate financially and logistically as it will also help us in clearingthe perception about our state.”
Expressing the need to promote a startup culture in thestate, he said, “We should collaborate and develop a startup culture in theinstitution so that we are not left behind in the emerging paradigm of valuecreation by the new generation start ups.
“We are looking forward to student and faculty of NIT Srinagar giving customized solutions to the problems we are facing on day to day basis. On the one hand whole world and leading companies are benefitting from the new revolutionary fields of Artificial Intelligence, Blockchain, Cloud, Data Analytics which are the tectonic movements that are reshaping the world today and to get the most out of them let us also see some students and faculty members to introduce the same as an intervention for upgradation of Fintech in our state as a pilot which can be scaled up and implemented in financial institutions like the JK Bank.”
On the occasion, the Chairman also announced the donation ofambulance to NIT for student welfare besides promising to the institute theJ&K Bank Gold Medal for recognizing the achievers of NIT Srinagar in thenear future.
Director NIT Prof Rakesh Sehgal while felicitating thechairman for his contribution in International Conference on Nano Technologyhailed the socially empowering & collaborative vision of the Banksleadership.
He commended the bank’s contributions towards societyespecially educational institutions. “It is a great occasion for us because thebank has not only commissioned 2 ATMs that will go a long way in easing theaccess to modern banking facilities to the students and staff, but has alsoprovided us with fresh water treatment plant in the campus, besides waiving offthe transaction charges for students and donating high-quality dustbins to keepthe campus clean in line with Swachh Bharat Abhiyan.”
“We have a long association with the bank and recently wehave joined hands for UNAT BHARAT ABHIYAN, under which NIT has adopted 5villages in Kashmir to create awareness among the students and upgrading fiveschools to model schools. We have decided to provide them with computers andtoday J&K Bank has come forward with 60 UPS systems for these. For all thisand more I express my sincere gratitude to the bank’s leadership”, he added.
Pertinently, the schools adopted by the NIT are governmentmiddle schools of Nanbug, Gutligund, Faker Gujree, Pucha, and Mukam.
Present on occasion, R K Chhibber said, “NIT has contributeda lot by providing and grooming engineers, scientists, and professors fordecades.”.
Earlier, welcoming the dignitaries, Tabassum Naziremphasized on the need to strengthen the industry-academia relationship. Shesaid that the MoU shall forge a lasting relationship between the twoinstitutions.
The occasion was marked by the signing of a Memorandum ofUnderstanding (MoU) with the institute, which was signed by Registrar NIT S KBukhari and Zonal Head Kashmir Central-I Tabassum Nazir, wherein the bankconferred the Most Favored Client status to the NIT.
Vice President Strategy & IT, Sushil Kumar Gupta ClusterHead Fayaz Ahmad Malik, and Head Business Unit NIT, senior faculty members ofNIT and other senior officers of the bank were present on the occasion.Consequently, NIT has declared J&K Bank as a preferred Banker for itsexclusive dealings regarding all banking related services.
A powerpoint presentation was made on the occasion detailingall the features of MoU along with benefits the NIT employees would getincluding loan disbursement in 2 hours.