Jammu & Kashmir Bank (JKB), a private sector scheduled commercial bank, has opened new Business Unit at Roop nagar, Jammu. With this the total branch network of the Bank has gone up to 802. The branch, apart from providing regular banking facilities, will also offer lockers to its customers.
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.
