Jammu & Kashmir Bank enters into collaboration with NCML

Jammu & Kashmir Bank (J&K Bank) has entered into collaboration with National Collateral Management Services (NCML) to finance industries, traders and farmers at every stage of the supply chain, ranging from pre-harvesting, marketing to export. The collaboration would further consolidate the bank’s presence with the wide network of NCML warehouses in various States and serve the stakeholders in the agriculture supply chain.

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. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.