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Published On: Sat, May 26th, 2012

Banks in India-Jammu & Kashmir Bank

Jammu & Kashmir Bank

Jammu & Kashmir Bank:
Incorporated on 1st October 1938, Jammu and Kashmir Bank Limited was the first State owned bank in the country. According to the extended Central laws of the state, Jammu & Kashmir Bank was defined as a govt. Company as per the provision of Indian companies act 1956. In the year 1971, the Bank received the status of scheduled bank. It was declared as “A” Class Bank by RBI in 1976.

Today the bank has more than 500 branches across the country and has recently become a billion Dollar Company.

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