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What is Jammu and Kashmir Bank mean?
Jammu & Kashmir Bank Limited (J&K Bank) is a nationalised bank and one of the oldest nationalised banks in India, having its Corporate Headquarters in Srinagar, J&K with its Zonal Offices in J&K, Delhi, Mumbai and Ladakh. It is under the ownership of Ministry of Finance, Government of India.
J&K Bank was incorporated on October 1, 1938 by then ruler of princely state of J&K Maharaja Hari Singh with initial paid up capital of ₹ 5.00 Lakh. The bank registered a total business turnover of over Rs.1750 billion as on March 31, 2021.
J&K Bank operates on the principle of 'socially empowering banking' in line with its tagline “Serving to Empower” and seeks to deliver innovative financial solutions to cater to the financial needs of all segments of the society.
referencePosted on 10 Dec 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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