Jammu & Kashmir Bank has received the Reserve Bank of India's approval for reduction in its authorised capital from Rs 100 crore divided into 100 crore equity shares of Re 1 each to Rs 95 crore divided into 95 crore equity shares of Re 1 each to seek compliance with the provisions of Section 12 and 49C of the Banking Regulation Act, 1949.
Jammu and Kashmir Bank provides financial service and solutions to the people of Jammu and Kashmir. The bank provides treasury operations, corporate/wholesale banking, retail banking and other banking services.