Jammu & Kashmir Bank (J&K Bank), which is also Convener State Level Bankers' Committee (SLBC), has organised the 8th Sub-committee meeting of SLBC for export promotion at the Bank's Zonal office Jammu. A wide range of issues including providing of liberal finance to exporters at concessional rates were also discussed in the meeting.
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.
