SBI to open more branches in Valley
Organises Debate On ‘Wealth Creation In Current Market Scenario’
Srinagar, May 6: State Bank of India, Funds Management, organized a debate “wealth creation in current market scenario” in equity market at SKICC here Saturday evening.
Officials from different banks participated in the event which was held for the first in the Valley.
The debate was aimed to make common customers aware about equity market and clear their doubts about the share trading.
CEO, SBI, Mutual Fund, Deepak Chatterjee said : “I am happy that people in the Kashmir Valley are much interested in equity investment but basic drawback is that people have least knowledge about equity market and financial institutions operating in the Valley.”
He said: “We need to provide people interested in share market necessary knowledge for investing in equities and bonds.”
Chatterjee said that SBI Mutual Funds has decided to start awareness programmes for customers to make them aware about ‘safe investments’ at local level.
D.P Singh, National Head, SBI, Mutual Funds said: J&K as whole is very important destination for investment but lack of knowledge and mistrust created by brokers have halted the investment and defamed the Mutual Funds. “Our prime objective will be to empower people of J&K with investment knowledge,” he said.
Speaking on the occasion Group Head HDFC Bank Abhay Aima said: “Customers have to be more knowledgeable about the investment either in Mutual Funds or in insurance products.”
“It is necessary for anyone willing to invest in any scheme that he/she should take advice from knowledgeable advisor or take help of bank financial advisors,” Aima said.
Regional Head SBI, A U Tak said: “Our bank is always there for common people of Kashmir and we are putting our best efforts to provide all financial assistance to the people of the Valley.”
He said: “The SBI is soon going to open more branches in the Valley so that people take benefit of the banking services.”
Tak said: “We have also decided that SBI Mutual Fund ISD Srinagar will assist the people of the Valley in financial investment matters.”
While replying to a question about shifting of Regional branch from Srinagar to Jammu, Tak said: “It is purely an administrative decision.”
He however added: “SBI is planning to open more branches and we will make sure that their main administrative branch is set up in Kashmir.”
Lastupdate on : Sun, 6 May 2012 21:30:00 Makkah time
Lastupdate on : Sun, 6 May 2012 18:30:00 GMT
Lastupdate on : Mon, 7 May 2012 00:00:00 IST
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