JK Bank hires Delloitte as their overhaul Consultants

Srinagar/ April, 17: JK Bank Thursday entered into an agreement with M/S Delloitte thereby engaging them as their consultants for providing consultancy services on Business Plan Strategy and Organisational Transformation through Business Process Re-Engineering, IT Intervention, Career and succession planning and several other innovative initiatives. On behalf of J&K Bank the agreement was signed by Surjeet Singh Sehgal, Executive President, while as Sanjoy Datta, Partner Delloitte Touche Tohmatsu India LLP signed on behalf of Delloittee in presence of the associated officials from both organization.
Delloite is the UK Incorporated and New York Headquartered largest Auditing and Management Consultancy Firm in the World with revenues of USD 12 billion and 57000 practitioners on its rolls. It has the largest number of world’s top most reputed companies as its clients.
J&K Bank Chairman and CEO, Parvez Ahmed while deliberating upon the scope of engagement of the consultants informed that it was very imperative under the present changing meanwhile challenging times to realign and position our Business Strategy and Organizational outlook in line with emerging scenarios so as to stay afloat in the most competitive Business environment ahead. He further expected that this historic and most strategic decision yet, of engaging the consultant of International repute for quality advice on processes and procedures shall definitely help the Bank in transforming into an Internationally acknowledged outlook with Robust fundamental parameter base for sustainable Business plan which shall not only ensure decent profitability curve in years to come for the Bank but shall also significantly enhance its digitally driven service delivery mechanism in and outside the state of Jammu and Kashmir.
Surjeet Singh Sehgal, Executive President of the bank, who is also consultancy project incharge of the Bank while speaking on the scope of engagement of the consultants appraised that the Bank aspires to embark on a comprehensive transformation journey to cement its position as the undisputed leader in Jammu and Kashmir and be super specialist Bank in rest of the Country. “The consultancy services hired shall greatly help the Bank in deriving its five year profitable Business plan hugely driven by IT interventions through Business Process Re-Engineering and Organizational Transformation which shall provide a framework of manpower planning , employee onboarding , skill development and job role definition for a long term Succession Planning,” he said.
Chairman and CEO at conclusion of the signing ceremony conveyed his best wishes to the Team Heads and partners involved in the project and hoped the engagement shall prove mutually enriching.