Srinagar: Jammu and Kashmir Bank Financial Services Limited (JKB FSL) – a wholly owned subsidiary of J&K Bank – celebrated its milestone achievement of Rs 200 crores in Mutual Fund Assets under management (AUM).
J&K Bank MD & CEO Baldev Prakash chaired the celebratory event held yesterday at its Srinagar headquarters that was attended by the Bank’s Executive Director Sudhir Gupta, General Manager Narjay Gupta along with Directors on the company’s board including Bank’ General Manager Syed Rais Maqbool, DGM Mohammad Muzaffar Wani, Nisar Ahmad Zargar, Managing Director (JKB FSL) Syed Adil Bashir Andrabi and besides other senior officials.
Expressing his enthusiasm for the company’s future, MD & CEO Baldev Prakash congratulated the JKBFSL management, staff and appreciated their commitment to providing top-notch financial services to the people of UT.
He said, “We are proud to be part of the JKB FSL’s journey and this momentous milestone is a testament to the dedication and hard work of the entire JKB FSL team. It reflects our commitment to helping our clients grow their wealth and achieve their financial goals,” he said, adding, “Given the growing inclination of general public towards investments in securities market, we look forward to the inspiring growth and continued success of the company.”
“You all deserve accolades for these achievements. Besides, you have made rapid strides in improving customer services to the satisfaction of your evidently growing clientele. I know lot of hard work, effort, diligence and dedication has gone into making these numbers a reality.” he added.
While calling for celebrations of the success, MD &CEO urged the staff to remain cognizant of the fast changing landscape. “Mutual fund industry is evolving very fast and people have a got a range of options to choose from. So we need to skilfully stay ahead of competition by curating options in a way that our offerings are among the best ones available in the market while providing best in class customer service,” he said.
Earlier, during the inaugural address, MD (JKB FSL) Syed Adil Bashir gave an overview of the achievements of the organisation during FY 2023-24. He said, ” Demonstrating the strength of its outreach and the trust that new clients place in JKB FSL, the numbers increased in fresh acquisitions and on revenue generation front with more than 12000 new sourced accounts and Rs 15 Crore respectively – highest ever figures in a single financial year of the company.”
“This accomplishment is a culmination of the collective efforts of our dedicated team coupled with strategic initiatives taken by the management and more importantly perennial support from parent organisation i.e. Jammu and Kashmir Bank”, he added.
