Jammu & Kashmir Bank (JKB), a private sector scheduled commercial bank has commissioned three Business Units in Kupwara district. The bank has opened three state-of-the-art Business Units at Devar, Tarathpora and Halmatpora. With the opening of these new units, the total number of business units in the district has reached 34.
Jammu & Kashmir Bank (JKB) was incorporated on October 1, 1938 and commenced business from July 4, 1939 from its registered office at Residency Road Srinagar, Kashmir. JKB is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.
