SRINAGAR: JKB Financial Services Limited (JKBFSL), a wholly owned subsidiary of JK Bank, achieved a significant milestone by crossing Rs 400 crore in Mutual Fund Assets under Management (AUM), marking a major leap in its growth journey. The landmark was celebrated today at a special function held at the company’s corporate office.
The event was presided over by JK Bank Managing Director and CEO Amitava Chatterjee, who also chairs the Board of JKBFSL. He was joined by the Bank’s Executive Director Sudhir Gupta, General Managers Narjay Gupta and Syed Rais Maqbool, along with JKBFSL Managing Director Syed Aadil Bashir Andrabi. Senior functionaries of both J&K Bank and its subsidiary also attended the event.
Congratulating the team, Amitava Chatterjee described the achievement as a reflection of the trust customers place in the J&K Bank brand. “I consider JKBFSL one of the most important arms of the Bank and a catalyst in its growth journey,” he said. “Brand JKB provides you a springboard to take JKBFSL to greater heights—and you will always have our full support and guidance.”
Highlighting the potential of the mutual fund industry, Chatterjee urged the team to build further on their current success. “The mutual fund space offers tremendous untapped potential—not only in J&K and Ladakh but across the rest of the country as well. Let’s work together to position JKBFSL as the go-to trading and investment platform.”
He also commended the company’s strides in digital innovation, calling its trading app among the best in class. “The time is ripe to deepen our presence in the trading ecosystem by delivering superior service and offering relevant, high-quality products to clients—anytime, anywhere.”
Executive Director Sudhir Gupta echoed the sentiment, praising the team’s performance during FY 2024-25. “You truly deserve applause for the outstanding performance. I am confident your growth story will only get stronger in the years ahead, with JKBFSL emerging as a shining star of the J&K Bank Brand.”
Providing a detailed overview of the company’s performance, JKBFSL MD Syed Aadil Bashir noted that the AUM has doubled in under fifteen months. “Our overall trading volume has grown substantially, the cost-to-income ratio has improved, and we’ve expanded our digital suite with state-of-the-art interventions,” he said.
He attributed the success to customer trust and strategic support from the parent bank. “The trust reposed in us by our customers and the guidance of our parent organisation give us the confidence and motivation to redouble our efforts. We are committed to building on this momentum.”
