Precious Kashmir News
Srinagar, Sept 29: J&K Bank Chairman & Managing Director R K Chhibber Tuesay 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, 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.”
Notably, all critical Corporate functions of the JKB Financial Services Limited (FSL) which include Business Strategy, Risk Management, IT, Compliance and Customer Services shall be managed from the new office.
The Online Account Opening shall enable a client to seamlessly open DEMAT and trading accounts within minutes using handheld mobile/tablet or desktop devices, while as the online Mutual Fund Management service provides the customer access to a huge array of MF products of over 35 Mutual Fund Companies in India. New share trading product Margin Trading Facility (MTF) provides clients funded margin facility for carrying forward their share trading position for up to 180 days.