The Reserve Bank of India (RBI) has appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory (UT) of Jammu and Kashmir. State Bank of India (SBI) will be the lead convenor bank for union territory of Ladakh.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.