Jammu & Kashmir Bank (J&K Bank) has inaugurated new state-of-the-art premises of its Business Unit at Kangan. Soon after the inauguration a customer-meet was organized in the new premises, which was attended among others by representatives of various trade unions. A number of suggestions put forth by some of the participants were discussed threadbare during the meeting and resolved on spot.
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. J&K Bank holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
