J&K Bank today celebrated its ‘Incorporation Day' here at its Corporate Headquarters renewing its pledge of serving to empower the people of J&K financially.
Speaking on the occasion Chairman and CEO Mr. Mushtaq Ahmad said, "Today is the incorporation day of our Bank and I take this opportunity to congratulate entire J&K Bank family and our more-than 50 lac customers for their valuable contributions towards making this institution great and successful."
He further said, "It is the trust and cooperation of people of the state besides dedication of our staff that enables and energizes us to scale newer heights. We renew our pledge of serving to empower the people of this state financially.
"Our march towards excellence shall continue and we are drawing closer to achieve the target of Rs 1 lac crore business and Rs 1 thousand crore profit by the end of March 2013, which incidentally marks our platinum jubilee year also."
And our every step towards success would surely bring more convenience and better services to our customers, he emphasized.

Brief historical overview of Bank’s incorporation Traditional money-lenders used to be the only dominant players in Jammu & Kashmir till 1920-30 in banking besides Punjab National Bank, Grindlays Bank and Imperial Bank of India. The role of these banks was merely to the accept deposits, as they could not grant loans and advances to the people of the state owing to the statutory limitations. To overcome this critical situation the then Maharaja of J&K thought an idea of setting up of a state bank. The assignment for establishment of “The Jammu and Kashmir Bank Limited” was given to late Sir Sorabji N Pochkhanwala, the then Managing Director of the Central Bank of India.  Mr. Pochkhanwala formulated a scheme on September 24, 1930, suggesting establishment of a semi-state bank with participation in capital by state and public under the control of state government.  Thus the bank was formally incorporated on the October 1, 1938 and commenced business from July 4, 1939 at its registered office, Residency Road, Srinagar.

On the occasion, Chairman also unveiled a booklet of Bank's Deposit Plans for its frontline staff.
While unveiling the booklet, he said that the availability of complete and updated information regarding the products and services would enable the staff to serve our customers better and without any hassles.
Meanwhile, the Bank donated 10 wheelchairs to Bone & Joint Hospital Barzulla as part of its CSR to help the needy in getting better emergency care at the hospital.
Zonal Head Kashmir (central) Mr. Bashir Ahmad Lone handed over the wheelchairs to Dr. Mohammad Ramzan, who received them on behalf of hospital authorities.
Dr. Ramzan thanked the Bank for providing these chairs that he said would bring relief to a large number of patients everyday in need of emergency care.