Jammu & Kashmir Bank (JKB), a private sector scheduled commercial bank, has opened new Business Unit at Ghou Manhasan in Jammu. Earlier, the bank had opened a Business Unit at Mantalai in Udhampur.
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.