J&K Bank rolls out wealth management and investment advisory services

J&K Bank rolls out wealth management and investment advisory services

Inducts 148 officers after completion of orientation programme

SRINAGAR: Chairman J&K Bank, Parvez Ahmed on Wednesday rolled out the services of JKBFSL from 100 business units of the bank in all the districts of the state.
Parvez, who is also the chairman of the board of directors of the JKB Financial Services Limited, a wholly-owned subsidiary of J&K Bank set by the bank to provide wealth management and investment advisory services to the people of the state in general and customers in particular, rolled out the services in presence of bank’s executive presidents, P K Tickoo and R K Chhibber, President Sunil Gupta and Managing Director JKBFSL Manzoor Hussain. Chief Financial Officer (CFO) JKBFSL Pankaj Gour, Company Secretary Zafar Hameed and territorial heads of the bank’s subsidiary were also present on the occasion, an official release read.
The rollout was announced after completion of induction training programme of the 148 candidates which concluded on Wednesday at Jammu and Srinagar after an interactive session by the chairman with the newly recruited specialist officers of JKB Financial Services Limited (JKBFSL) at the bank’s corporate headquarters, Srinagar and zonal office building Jammu, respectively.
Congratulating the executives of JKBFSL, who he described as a meritorious talent pool recruited in a fair and transparent manner, the chairman advised them to take “utmost care” of the brand J&K Bank, which, he said, “has emotional equity of the people of J&K state invested in it” besides being the most recognised brand in the state and beyond.
He said, “The strength of JKBFSL lies in the brand J&K Bank. The bank deals with 90 percent population of the state in terms of providing banking and financial services and touches almost every section of society through its banking services and wide spectrum of activities beyond banking under corporate social responsibility (CSR) initiatives. It is, therefore, imperative to maintain the brand image of the bank through professionalism with a strong human touch”, he asserted. Adding further, that it was vital to uphold the trust reposed by the people in the state’s premier financial institution.
Delineating the vision of the bank for JKBFSL, the chairman said, “The aim and objective is to convert our business units into one stop-shop for financial services including distribution of wealth management, protection and investment products,” adding that there was a lot of synergy between the bank and its subsidiary with this symbiotic relationship to add value to our services being delivered to the customers and public of our state “as their financial lives are interwoven with our bank”, the release read.
From Wednesday, services through investment relationship desks in 100 business units of the bank rolled out include: DEMAT and equity broking, equity derivative trading, investment in mutual funds, investment in IPOs, soliciting the insurance business from existing/new customers, account opening, investment, and servicing requests, it added.