Jammu & Kashmir Bank (JKB), a private sector scheduled commercial bank, has opened new Business Unit at Mantalai in Udhampur. With this, the bank now has 27 business units in Udhampur district.
Meanwhile, the bank has conducted various finanacial literacy and credit counseling camps across Bandipora district in Bonakoot, Gulshan Chowk, Bandipora, Hajin and Sumbal during the last one month. The camp was attended by villagers mostly farmers, teachers, students and unemployed Youth.
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.
