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Net Banking
Jammu and Kashmir Bank (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938. Bank is listed on the NSE and the BSE and has its Corporate Headquarters at Srinagar. Bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by Reserve Bank of India as its exclusive agent for carrying out banking business for the Government of Jammu & Kashmir and Ladakh. J&K bank caters to banking requirements of various customer segments which includes Business enterprises, 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 loans, education loan, agriculture, trade credit and consumer lending, a number of unique financial products tailored to the needs of various customer segments.
• Holding a major Market share of 64% of banking business in UT of J&K and 60% in the UT of Ladakh as on March 31, 2021.
• Designated as RBI’s agent for carrying out banking business for the Government of UTs of J&K and Ladakh.
• Authorized to collect central taxes for CBDT.
• Convenor of Union Territory Level Banker’s Committee (UTLBC) in UT of J&K.
• Acting as lead bank in 12 districts of J&K.
• Unique and competitive position within UT’s of J&K and Ladakh due to its strong market presence.
• Huge account base of 1.83 Crore (Deposits & Advance on Pan India basis, with 1.75 crore accounts (Deposit & Advances) in UTs of J&K and Ladakh, thus reflecting dominance & vast coverage in the region with a total population of 1.25 Crore.
• IBA’s Best Technology Bank of the Year Award for FY 2019-20 (under small banks category -Asset Size <150, 000 Crore).
• BFSI Leadership Award in FY 2018-19.
• Amongst the Top 5 Performing Banks in PFMS for FY 2019-20.
• Top Banker Award for PMEGP for FY 2019-20.
• HUDCO Award for outstanding contribution in the Housing Sector for FY 2018-19.
• CSO100 Award for FY 2018-19.
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.
JKB Financial Services Limited (Fully owned by J & K Bank)
- Providing Depository Services
- Offering Stock Broking Services
- Mutual fund and other financial services.
Sponsor of J&K Grameen Bank (Regional Rural Bank)
Life Insurance & Non-life Insurance Partners:
- PNB MetLife (Life Insurance)
- Bajaj Allianz (Non-life Insurance)
- IFFCO Tokyo (Non-life Insurance)
“Pioneering the economic and social transformation”
To become a committed partner in fostering economic and social transformation across the country through a deep commitment to value creation for all our stakeholders, while continuing to build on our historic business relationship with Jammu & Kashmir and Ladakh.
- To acquire an enhanced business footprint across geographies and emerge as a prominent national brand in the financial sector.
- To position the Bank as the “Most Preferred Bank” for Customer focus, Operational Excellence and High Integrity towards one and all stakeholders.
- To be the best-in-class financial intermediary, leveraging our digital and physical banking channels;
- To observe customer centricity through service excellence, integrity and transparency, and a comprehensive range of innovative products and services responsive to customer needs.
- To be a lean, learning and efficient banking organization focusing on prudent, sustainable, profitable growth and value creation.
- To adopt the best standards for corporate governance, business ethics and risk management.
- To vigorously promote financial inclusion as a business proposition to harness the potential at the bottom of the pyramid.
Registered Office
M A Road
Srinagar 190 001
Jammu & Kashmir
Corporate Headquarters
M A Road
Srinagar 190 001
Jammu & Kashmir
https://www.jkbank.com