J&K Bank, one of India's leading banks entered into a strategic partnership with National Collateral Management Services (NCML) for collateral management and warehousing services.

The objective of these services will be to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export stages.

Tribhuwan Singh Bora, regional manager, NCML, signed the agreement with Arvind Gupta, vice president, J&K Bank in the presence of Rajesh Gupta, asst vice president, J&K Bank.

Shares of the bank declined Rs 2.2, or 1.45%, to trade at Rs 149.20. The total volume of shares traded was 112,879 at the BSE (3.20 p.m., Monday).