THE JAMMU AND KASHMIR BANK LIMITED, incorporated in 1938, and listed on NSE and BSE. Jammu and Kashmir Bank operates as a universal bank in the Union Territories of Jammu and Kashmir and Ladakh and as an exclusive bank in the rest of the country. It is also designated as an agent of RBI for banking business, and carries out banking business of Union Territories of Jammu & Kashmir and Ladakh, apart from collecting central tax for CBDT. Works on the principle of ‘Strong Banking’ and seeks to provide innovative financial solutions to Domestic, Small and Medium Enterprises.
J&K Bank follows a two-legged business model, whereby it seeks to increase lending in its home sector, resulting in higher margins despite modest volumes, and at the same time, on a pan-India basis to create volumes. Seeks to capture specific lending opportunities and improve margins.