JKBFSL Hits ₹400 Cr AUM, Boosts J & K Bank Growth

(MENAFN- Kashmir Observer) Srinagar- JKB Financial Services Limited (JKBFSL), the wholly owned subsidiary of J&K Bank, has achieved a significant milestone by surpassing ₹400 Crore in Mutual Fund Assets Under Management (AUM). The accomplishment was celebrated at a special event held at the company's corporate office in Srinagar.

The event was presided over by J&K Bank MD & CEO Amitava Chatterjee, who also chairs the JKBFSL Board. He was joined by Executive Director Sudhir Gupta, General Manager (Cross Selling) Narjay Gupta, GM (Subsidiary Management) Syed Rais Maqbool, JKBFSL MD Syed Aadil Bashir Andrabi, and other senior officials from both organizations.

Congratulating the team, Amitava Chatterjee said,“This milestone reflects the growing trust in Brand J&K Bank. JKBFSL is not just a subsidiary-it's a key growth catalyst. With Brand JKB as your springboard, we expect you to scale even greater heights.”

He lauded the digital evolution of JKBFSL, remarking,“You now offer one of the best trading apps with a user-friendly interface. Let's deepen our presence in the investment ecosystem by offering seamless service and smart products.”

Executive Director Sudhir Gupta echoed the appreciation, stating,“FY 2024-25 has been a breakthrough year for JKBFSL. With impressive performance across key metrics, I see a bright and dynamic future for the subsidiary.”

Read Also J&K Bank Organises Mega Camps To Saturate Govt Social Security Schemes Powered By Mission YUVA, J&K Bank Launches 'YUVA Udaan' Campaign

JKBFSL MD Syed Aadil Bashir shared insights into the company's recent trajectory, noting that AUM has doubled in under fifteen months, trading volumes have surged, and cost-to-income ratios have declined.“Our journey is driven by customer trust and unwavering support from J&K Bank leadership. We remain committed to growth, innovation, and excellence,” he said.

The event concluded with a collective reaffirmation of the subsidiary's strategic role in J&K Bank's broader growth narrative.

MENAFN16072025000215011059ID1109809155