JKBFSL releases selection list of 148 candidates

J&K Bank Financial Services Limited (JKBFSL), a fully-owned subsidiary of J&K Bank, on Saturday released the list of 148 candidates selected for various job roles at different locations within the state for its financial services expansion programme.

The relationship executives, processors, dealers, relationship managers, risk management clearing & settlement executives, human resource executives, finance & accounts executive, IT executives, compliance executives and others were selected after conclusion of the recruitment process conducted by the bank under the aegis of Institute of Banking Personnel Selection (IBPS) Mumbai, the nodal agency for conducting written tests for recruitment in the State Bank of India and all other nationalised banks in the country.

Congratulating the candidates, the chairman & CEO J&K Bank Parvez Ahmed said, “The selection has been made on the basis of aggregate performance of candidates in online examination conducted by IBPS and interview process.

This has been done as per the approval of the four year business plan of JKBFSL by the Board of Directors of the bank a few months back and will aid in expansion of footprint of the JKBFSL to offer investment services based on customers’ preference for return by assisting all investor groups of HN individuals, young professionals, businessmen, government employees etc. through a bouquet of financial products.”

The chairman J&K Bank added “We have felt the shift in preference of customers from physical to financial assets and our customers in J&K state have to scout for these services through informal channels run by a network of agents mainly in the urban centers though the appetite for wealth management products have been rising across the state.

Through JKBFSL we are offering the credibility of our brand to our customers by offering investment services by converting our touch points into a one stop-shop for distribution of Investment & Protection products”.

“As per the business plan we are undertaking a major expansion of our subsidiary from the existing ten branches to leverage the JK Bank brand by offering investment services to the Bank’s client base through our 2000 touch points. Initially we are planning to expand it to 100 locations followed by two-hundred branches in a couple of years.

We have recruited the best talent pool through open market recruitment in the state to be the drivers of the expansion of business of this subsidiary. Additionally we are investing in digital technologies to provide seamless digital experience to the tech-savvy customers who want to explore the products in the investment basket through digital channels”, said Parvez Ahmed

The bank’s vice president and managing director of JKBFSL  Manzoor Hussain while deliberating on the recruitment process said, “The recruitment has been conducted in a professional manner by the Institute of Banking Personnel Selection (IBPS) and a complete merit list of the selected candidates has been prepared which can be assessed by visiting the office of the JKBFSL on any working day.

The process has been conducted with highest level of efficiency and transparency.”

He added that after playing an instrumental role in setting up the subsidiary for depository services of the bank during his earlier roles to provide an exit route to the shareholders of the bank post public issue, the bank’s current Chairman & CEO has now revived the operations of the subsidiary through a visionary & forward looking business plan which was approved by the Bank’s Board of Directors that shall now be implemented after the recruitment of the specialist officers.