Jammu & Kashmir Bank (J&K Bank) has inaugurated a full-fledged Business Unit at Kuligam, Lolab in district Kupwara. It was 102nd business unit in the zone and with this the total number of Bank’s business units have reached to 825.
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.
