J&K Bank on Wednesday regularised the services of 526 casually engaged workers under a scheme approved by the board of the bank.
According to a spokesperson of the bank, J&K Bank chairman & CEO Parvez Ahmed congratulated the casually engaged staff earlier working on meagre wages on temporary basis for past so many years and living a life of distress.
He termed the decision of the board as “magnanimous” as it not only made a meaningful difference in the lives of 526 families of the casually engaged workers but also augment the staff requirement necessitated by the retirements and expansion of bank’s branch network thereby affecting the banking services due to shortage of subordinate staff which is a very important link in the delivery of customer service. The workers, according the spokesperson, later called on the chairman and expressed their gratitude to him.
The official spokesperson of the bank stated that the regularisation has been done as per the recommendation of the scrutiny committee constituted by the Bank in compliance to the directions of the bank’s board in this regard.
He explained that the casually engaged workers who have already completed 10 years have been regularized forthwith while as those who have not completed ten years have been engaged on contractual basis, till they complete 10 years of total service with the bank, after which they will also become eligible for regularization subject to satisfactory performance.
Bank is undertaking expansion strategy in the state to improve its outreach in unbanked areas in the coming years. The bank aims to enhance credit penetration and availability of hassle free finance to bring the bank density/ unit population at par with the national level.