Jammu & Kashmir Bank opens new business unit at Jandrah in Jammu

Jammu & Kashmir Bank, a private sector scheduled commercial bank, has opened new business unit at Jandrah in Tehsil Dansal of Jammu. This business unit will cater to about fifty villages of the area.

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.