Jammu & Kashmir Bank (J&K Bank), a private sector scheduled commercial bank, has opened new business unit at the holy city of Haridwar in Uttarakhand. The bank has also commissioned the ATM on the occasion. With this the total number of business units of the bank has reached to 860. Meanwhile, the bank inaugurated two Cash Depositing Machines (CDMs) in Kashmir (North) at Business units T P Baramulla and N C Sopore.
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.