JK Bank, IOCL sign MoU
Jammu   23-Oct-2011

J&K Bank on October 22, 2011 inked Memorandum of Understanding (MoU) with IndianOil (IOCL), in Srinagar at Corporate Headquarters paving the way for installation of J&K Bank Automated Teller Machines (ATMs) and allied services facilities at selected retail outlet (petrol pumps) of IOCL across India.

The agreement was signed between Tafazal Hussian, Executive President, J&K Bank and RK Arora, General Manager, IOCL, Punjab, in presence of IK Koul, Bank's Vice President, Strategy and Business Development (S&BD), Khurshid A Fazili, Senior Executive Manager, (S&BD) and DK Sharma, DGM Retail, Punjab.

Speaking on the occasion, Tafazal Hussain said "today the two companies have forged a strong mutually beneficial relationship not only in the State but at national level as well".

The installation of ATMs at IOC sites will bring convenience to the customers in general and Bank customers in particular.

RK Arora said that they are looking forward to a scenario wherein your ATM cards will be used at prominent IOCL locations across India. He added that these sites would serve as joint outlets for customers of IOCL and J&K Bank.

Among others present were RK Shahab, Divisional Retail Sales Manager, IOCL and Syed Riaz, Deputy Manager, Retail Sales, Srinagar.