Excelsior Correspondent
Jammu, Oct 9: With the objective to introduce Demat account and Mutual Fund products in the Bank, J&K Grameen Bank entered into a Memorandum of Understanding (MoU) with JKB Financial Services Limited (a wholly owned subsidiary of J&K Bank) here today.
Suresh Chander Sharma, General manager, J&K Grameen Bank and Syed Aadil Bashir, Managing Director, JKB Financial Services Limited signed the MoU in presence of Sanjay Gupta, Chairman J&K Grameen Bank.
Speaking on the occasion, Sanjay Gupta, Chairman, J&K Grameen Bank highlighted that signing of the MoU with JKBFSL has been one of the numerous initiatives Bank has taken to ensure that all kinds of banking and financial services are extended to its clientele under one roof.
He further informed that by virtue of the MoU, JKGB shall be offering a wide range of investment options in mutual fund and equity segments to its valuable clients through JKBFSL.
Syed Aadil Bashir, Managing Director, JKBFSL, emphasised that by opening a DEMAT account a customer opens its doors for investing in a huge array of financial products in a hassle-free manner. Considering the large customer base of J&K Grameen Bank, both the organisations have collaborated to provide customized financial investment solutions to the clients of JKGB & use the intensive branch network of the bank to penetrate the remotest areas of UT of J&K and UT of Ladakh.
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