Mumbai, July 27: The J&K Bank having a network of branches spread all over India opened its 544th Branch at Mahim, Mumbai today. The branch was inaugurated by Jenab Abdus Samad Abdul Gani Khatib Sahib, Chairman, Pir Makhdum Saheb Charitable Trust, Dargah Mahim Sharief in the company of two prominent Trustees namely Mr. Suhail Yakub Khandwani and Mr. Farouk Suleman Darvesh.

The bank’s Vice President & Zonal Head (Mumbai), Mr. Tafazal Hussain, while speaking on the occasion informed the gathering that the Bank under the leadership of Dr. Haseeb A. Drabu, Chairman and Chief Executive, a renowned economist has achieved business turnover of USD 10 billion recently. “It has created a unique place in Indian Banking fraternity, having won awards for performance, customer services, best ethics, India’s fastest growing bank, safety parameters etc. Credit Deposit Ratio of the bank as a whole as on 31.03.2007 was 68%”, said Mr. Tafazul.

Mr. Tafazal Hussain informed that M/S CRISIL, a subsidiary of M/S Standard and Poor’s International Rating Agency has assigned FAA+/Stable(High Degree of Safety), P1+(Strong Safety) to various deposit schemes of the bank. He assured all those present that the bank by virtue of using the latest technology, blended with personal touch in customer services shall provide best banking service to all the clients. The bank is offering a complete range of financial products with tailor made schemes for deposits and lendings, investments, credit/debit card, life and non life insurance products, mutual funds, internet banking, SMS banking etc. He stated that bank shall besides inculcating savings promotion, also play its role in extending genuine and need based credit for promotion of small business, trade & industry, exports/imports, education, housing and other retail activities etc.

He further stated that the Bank shall also involve all strata of society by way of Financial Inclusion and do its best to provide multiple banking facilities.