As part of its policy to expand footprints outside the state, Jammu & Kashmir Bank (JKB) has opened new branch at SantaCruz in Mumbai. With this the total number of bank’s branches reached 786. Together with 815 ATMs, the bank’s total number of touch-points across the country is 1601.
Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
