Government of Jammu & Kashmir holds majority shareholding of 68.18% in the bank as on March 31, 2021. Bank has a network of 957 business units and 1386 ATMs as on July 31, 2021 spread over 18 states and 4 UTs across the country. Out of 957 BUs, 798 are operating in the UT of J&K, 35 in UT of Ladakh and 124 are operating outside the UTs of J&K and Ladakh.
J&K Bank occupies a unique and dominant position within Jammu and Kashmir due to its strong market presence and status as exclusive agent designated by the Reserve Bank of India for carrying out banking business for the Government of Jammu and Kashmir and its government owned institutions and departments. The bank collects tax revenues within the UTs of J&K and Ladakh for the central Government on behalf of the Central Board of Direct Taxes and Central Board of Excise and Customs, and works with the UT Government of J&K & Ladakh in the implementation of a number of flagship initiatives involving employment of youth, women empowerment etc.
The bank being the major financial player in the UT of Jammu and Kashmir holds a leading market share of advances (64.84%), deposits (63.92%) and branches (39.3%) of all the scheduled commercial banks operating in the J&K UT as of March 31, 2021.
J&K Bank caters to banking requirements of various customer segments which includes employees of government, semi-government and autonomous bodies, farmers, artisans, public sector organizations and corporate clients. The bank also offers a wide range of retail credit products, including home, personal, educational and automobile loans, agriculture loan, trade credit including a number of unique financial products tailored to the needs of the people of Jammu and Kashmir.