Moving ahead with its customer-centric product base, J&K Bank has tailored a unique product namely "J&K Bank Commercial Premises Finance" to meet the credit requirements of the prospective customers who intend to acquire properties developed by Srinagar Development Authority (SDA) for commercial purpose.
In this regard, J&K Bank and Srinagar Development Authority (SDA) today signed a Memorandum of Understanding (MOU) at SDA complex Bemina Srinagar.
The MoU was signed by Mr G A Baigh, J&K Bank Vice President and Mr. Mohammad Aslam Laigaroo,Vice chairman SDA. Others present on the occasion were Mr. Layeek Ahmad jan, Incharge Financial Product Development, J&K Bank and Mr. Basharat (Director, SDA). Presently SDA has offered commercial space for shops/offices in "SANGARMAAL Complex", M.A Road, Srinagar.
Speaking on the occasion Mr Baig said, "This product shall not be available for a particular site of SDA or for specific period but shall apply to all complexes, Apartments, etc build, developed for commercial use and offered to public by SDA presently or in Future."