J&K Bank Chairman and Managing Director RK Chhibber Tuesday inaugurated the new Corporate Office of JKB Financial Services – a wholly owned subsidiary of J&K Bank at Jawahar Nagar, Srinagar. With its strategic location and spacious premises, the new office is equipped with state-of-the-art technology infrastructure. The Bank’s CMD also launched multiple business and IT initiatives rolled out by the company like Dynamic Pricing Model, Margin Trading Facility, Online Demat and Trading Account Opening and Online Mutual Fund Management; which are aimed at enriching the customers’ digital experience besides increasing the company’s digital footprint. The entire product portfolio of the company has been devised to meet the dynamic customer requirements and increase public awareness on investment options available in financial services space. Speaking on the occasion, the CMD said, “We have recently revamped the business model at JKB Financial Services to ensure that the benefits of profitable investment products and services do not remain a choice confined to the urban populace but are easily accessible to the people in semi-urban as well as remote rural locations of J&K and Ladakh UTs. Our focus is on aligning the technology infrastructure and services with the latest market developments on an ongoing basis so as to meet the expectations of diverse customer spectrum especially the younger and tech savvy generation.” While commenting on the company’s business prospects the CMD commended its recent performance saying, “The renewed strategy combined with the efforts of the staff has already shown results with the Company turning around, for which I congratulate its management and the staff”, adding, “however, considering the huge market potential and the brand image of J&K Bank, the Company in near future is not only expected to compete better in the market-space but also add significant number of first time customers to its fold.” Executive President Sunil Gupta, Special Secretary to CMD Karanjit Singh, Zonal Head Kashmir (Central-I) Syed Rais Maqbool, Vice President Rakesh Koul, JKB FSL Managing Director Mohammad Muzaffar Wani, Director on company’s Board Nissar Ahmad Zargar and CFO Pankaj Gaur were among the prominent persons present on the occasion. On this occasion, the CMD also launched the company’s new corporate website www.jkbfsl.com, which is integrated with live capital market data and has lot of features besides detailed content regarding the company, its products and services. The website is integrated with IT driven services like online account opening and online mutual funds. JKB FSL Managing Director Mohammad Muzaffar Wani gave a detailed presentation regarding the newly launched products and services of the company. The function concluded with the vote of thanks presented by the company’s CFO Pankaj Gaur.
