Jammu & Kashmir Bank (J&K Bank) has inaugurated four renovated branch premises one each at Janipur, T P Talab Tillo, Trikuta Nagar and Sohal in Jammu. Besides, the Bank had undertaken a massive financial literacy and account opening drive to ensure universal access to banking facilities with at least one basic account to every household under the ambitious Pradhan mantra Jan Dhan Yojna (PMJDY).
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.
