SRINAGAR, Aug. 18 -- J&K Bank has signed two Memoranda of Understanding (MoUs) under its Corporate Salary Package with FIL Industries Private Limited in Srinagar and Brahmrishi Bawra Shanti Vidya Peeth Higher Secondary School in Udhampur, extending customised banking services to their employees.

Under the agreement signed in Srinagar, nearly 600 employees of FIL Industries will be covered under the bank's Corporate Salary Package. The MoU was signed by Zonal Head (Srinagar) Sheikh Mohammad Muzaffar on behalf of J&K Bank and Managing Director of FIL Industries Junaid Altaf Bukhari on behalf of the company.

Speaking on the occasion, Muzaffar said the agreement would strengthen the bank's longstanding relationship with FIL Industries while...