 Early Times Report
Jammu, Oct 9: J&K Grameen Bank has signed a Memorandum of Understanding (MoU) with JKB Financial Services Limited, a wholly owned subsidiary of J&K Bank, to introduce Demat accounts and Mutual Fund products in the bank. This partnership aims to serve the financial needs of a wider customer base across rural regions in the Union Territories of J&K and Ladakh.
The MoU signing ceremony took place at the Head Office of J&K Grameen Bank in Narwal, Jammu, and was attended by Mr. Suresh Chander Sharma, General Manager of J&K Grameen Bank, Mr. Syed Aadil Bashir, Managing Director of JKB Financial Services Limited, and Sh. Sanjay Gupta, Chairman of J&K Grameen Bank.
Chairman Sanjay Gupta highlighted that this collaboration is part of the bank’s efforts to provide comprehensive banking and financial services to its customers under one roof.
Through this partnership, J&K Grameen Bank will offer a wide range of investment options in mutual funds and equity segments to its valuable clients through JKBFSL.
Syed Aadil Bashir, Managing Director of JKBFSL, emphasized the convenience and opportunities that come with opening a DEMAT account, which enables customers to invest in a diverse array of financial products hassle-free. Leveraging the extensive branch network of J&K Grameen Bank, both organizations aim to provide customized financial investment solutions to the bank’s clients, even in the remotest areas of the Union Territories of J&K and Ladakh. |
