J&K Bank CMD chairs 12th AGM of JKB Financial Services Limited

Unveils calendar 2021 App

Excelsior Correspondent

Srinagar, Dec 24: JKB Financial Services Limited – a wholly owned subsidiary of J&K Bank – today held its 12thAnnual General Meeting (AGM). J&K Bank Chairman & Managing Director, R K Chhibber chaired the meeting that was attended by the shareholders of JKB FSL and its Directors on Board.
The shareholders of the Company reviewed and approved the financial results of the company for FY 2019-20. Besides, they approved the re-appointment of Sunil Gupta as Director on the Board. The appointment of Rakesh Koul and Nisar Ahmad Zargar as Directors and Mohammad Muzzafar Wani as Managing Director of the Company was also approved by the shareholders besides passing a resolution for the appointment of Nishi Baru as Director on the Board of the Company.
During the AGM, the resolution for the amendment in Memorandum of Association of the Company to undertake business in commodity trading and other business lines was also passed by the shareholders. On the occasion, the business strategy of the company for expanding its footprints not only in UT’s of J&K and Ladakh but also rest of the country was also discussed.
Speaking at the AGM, the Chairman advised the company to aggressively market its products and services. He urged for the initiatives for increasing awareness about financial planning and goal-oriented investments among the general public.
The Chief Financial Officer, Pankaj Gour and Company Secretary of the Company, Zaffar Hamed were also present at the meeting.
Meanwhile, Rajesh Kumar Chhibber unveiled the much awaited mobile Calendar Application for the year 2021 at Bank’s Corporate Headquarters here.
Executive Presidents Arun Gandotra, Sunil Gupta, and G N Teli, Presidents Rajni Saraf, Chetan Paljor and Ashraf Ali, Vice-Presidents and other officials of the bank were present at the unveiling ceremony. Besides, the office-bearers of J&K Bank Officers’ Associations from Jammu and Kashmir regions were also present on the occasion.
The decision to go for an e-calendar instead of decades-old tradition of printed version comes on the back of Finance Ministry’s advisory to various ministries, departments including banks and autonomous bodies not to print any calendars or dairies in order to pave way for technological innovations known to be economical, efficient, effective and above all environment friendly.
“We really understand the emotional connect that our customers have with J&K Bank and our calendar has been one of the key markers of this deeper bond. However, envisaging the digital future of economy coupled with the government advisory post COVID-19 outbreak, we thought it was the right time to switch to digital platform and decided to have the Calendar-2021 in the form of a digital app,” the CMD said.
Having a calendar in digital form, the CMD said, is line with the maxim ‘Future is Digital”, adding, “World is fast switching to digitization of almost everything, and, J&K Bank is keen to introduce more technology-enabled interventions to bring comfort and convenience to its customers. I think e-calendar, unlike the limited stock of traditional calendars, will reach to almost anyone with a smart phone as the user-friendly application is easy to download and access,” he said.
The bank’s Calendar-2021 application is available on leading platforms like Google Play Store and Apple App Store. The application will be updated on regular basis to bring more and more interactive features into it with holiday list of the UTs of Jammu & Kashmir and Ladakh set to be added once issued by the respective governments.
Notably, the application has been customized in such a way that it has holiday lists of five regions across the country- Jammu and Kashmir, Ladakh, Delhi, Karnataka and Mumbai- incorporated in it with the people having a user-friendly option to choose and toggle between any of these variants.