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Sunday, October 18, 2015

Jammu & Kashmir Bank

 

Jammu & Kashmir Bank

Jammu & Kashmir Bank  is the only Bank in the country with majority ownership vested with a state government ? the Government of Jammu & Kashmir.


J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country. It is also the only private sector bank designated as RBI's agent for banking business, and carries out the  banking business of the Central Government, besides collecting central taxes for CBDT.


The Bank , incorporated in 1938, and is listed on the NSE and the BSE. It has a track record of uninterrupted profits and dividends for four decades. The J&K Bank is rated P1+, indicating the highest degree of safety by Standard & Poor and CRISIL. 

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