
Jammu and Kashmir Bank Ltd
Jammu and Kashmir Bank Ltd Company History
Jammu & Kashmir Bank is a Scheduled Commercial Bank and one of the oldest private sector banks in India, incorporated in 1938. J&K Bank is listed on both NSE and BSE and has its Corporate Headquarters at Srinagar. The Bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by Reserve Bank of India as agency bank for carrying out banking business for the Government of Jammu & Kashmir and Ladakh. J&K Bank caters to banking requirements of various customer segments which includes Business enterprises, employees of government, semi-government and autonomous bodies, farmers, artisans, public sector organizations and corporate clients. Group companies of the J&K Bank include JKBFSL (wholly owned subsidiary) and JK Grameen Bank (Associate RRB). The Bank offers a wide range of retail credit products, including home finance, personal loans, education loan, agriculture lending, trade credit and consumer credit and a number of unique financial products tailored to the needs of various customer segments.
2002
Jammu & Kashmir Bank Ltd has informed that following persons have ceased to be Directors of the Bank. Mr H S Anand and Mr M I Shahdad. Further the Company has informed that the following persons were appointed as Directors:Dr G Q Allaqaband and Mr D S Kandhari
Further the following finance luminaries were reappointed as additional Directors of the Bank in the aforesaid Board Meeting.Dr A M Khusro,Mr G P Gupta and Mr Vipin Malik.
2002
2003
Jammu and Kashmir Bank Ltd has informed the following change in the Board:
1) Mr G R Khan and Mr G M Dug have ceased to be directors of the bank at AGM held on June 02, 2003.
2) Mr Mohammad Yasin Mir and Mr B L Dogra have been appointed as directors on the Board at AGM held on June 02, 2003.
3) Dr A M Khusro, Mr G P Gupta and Mr Vipin Malik have been appointed as Directors of bank on June 3, 2003.
Jammu and Kashmir Bank has agreed to reduce the rate of interest rom 16 to 12% on
various loans advanced to houseboat owners, taxi and shikariwalas.
Dr Haseeb A Drabu, consultant to the Economic Advisory Council of Prime Minister and
presently the Economic Advisor to the government of J & K has been appointed as
the Director of the Bank.
J & K Bank has informed that Mr D S Khandhari, Director has ceased to be a director
to the bank on account of his resignation to the directorship.
Jammu and Kashmir Bank has strengthened its bonds with Infosys by successfully
deploying Finacle Core Banking.
J & K bankhas decided to launch Global Access Card ( an International Debit Card)
in association with Master Card International.
Mr.J B Moria, Mr J A Khan, and Mr. A M Khusro were ceased to be the directors of the bank.
Mr Sudhakar Kaza, General Manager, National Clearing Centre, RBI was appointed
as the additional Director to the bank on the board.
2003
2004
J&K Bank slashes PLR to 11-pc
J&K Bank approves Rs 300-cr for Reliance Infocom
Jammu and Kashmir Bank ties up with ICICI Bank to share the ATM network
Jammu & Kashmir bank has received the Asian Banking Award 2004 in Manila for its customer convenience programme'.
J&K Bank signs MoU with Bajaj Tempo
Jammu & Kashmir Bank Ltd has informed that the following persons were appointed as Directors on the Board of the Bank at the Annual General Meeting of the Shareholders held on June 12, 2004: 1. Dr Haseeb A Drabu 2. Mr Umar Khurshid Tramboo 3. Mr Munir-ud-din Shawl
J & K Bank unveils international division in Srinagar
IDBI Bank ties up for Visa transactions with Jammu & Kashmir Bank to launch a platform for the state's merchant establishment.
JK Bank inks pact with Birla Power Solutions
2004
2006
Jammu & Kashmir Bank receives approval from RBI for increasing the FII's Holding.
Jammu & Kashmir Bank ties up with Kota Mutual Funds
2006
2007
Jammu & Kashmir Bank Ltd has appointed Mr. M S Verma (Ex-Chairman, State Bank of India) and Mr. G P Gupta (Ex-Chairman & Managing Director, IDBI) as Directors of the Bank in the meeting of the Board of Directors held on June 09, 2007.
J&K Bank and SDA Sign MOU
JK Bank launches Dastkar Finance Scheme A tribute to golden hands: Mushtaq Ahmad
2007
2008
Jammu & Kashmir Bank Ltd has appointed Mr. Ashok Kumar Mehta and Mr. Abdul Majid Mir, Presidents as Executive Directors on the Board of Directors of the Bank w.e.f. May 01, 2008, pursuant to the approval accorded by the Reserve Bank of India vide their letter dated April 30, 2008.
J&K Bank and Tata Consultancy Services sign MoU to create IT blueprint
Jammu & Kashmir Bank Ltd has informed that Mr. B L Dogra, was reappointed as Director of the Bank at the 70th Annual General Meeting held on July 19, 2008. Further, the Bank has informed that Mr. M S Verma (Ex-Chairman, State Bank of India) and Mr. G P Gupta (Ex-Chairman & Managing Director, IDBI) were re-appointed as Directors of the Bank in the meeting of the Board of Directors held on July 19, 2008.
2008
2009
Jammu & Kashmir Bank Ltd has informed that Mr. Arnab Roy, Regional Director,Reserve Bank of India, Jammu, have been appointed as Director of the Bank with effect from November 05, 2009.
J&K Bank launches "I am Listening" campaign
J&K Bank launches special merchant acquisition drive
JK Bank ties- up with Tata BP Solar India Ltd
2009
2010
HPCL, JK Bank sign MoU Bank to install ATMs at HP petrol pumps
JK Bank launches An Poshe Tele Yeli Wan Poshe Over 100 LPG connections distributed at Chandanwari.
J&K Bank launches ÂOperation Clean UpÂ
2010
2011
J&K Bank educates youth at Kapran Employment fair.
Langate gets J&K Bank ATM : J&K Bank launches world class technology services in remotest areas.
J&K Bank on expansion spree; opens 3 more Business Units.
World Plantation Day : J&K Bank conducts plantation drive.
Governor inaugurates J&K Bank ATM : BankÂs ATM strength to touch 500 mark this year.
2011
2012
All India J&K Bank Invitational Gold Cup Football Tournament announced.
J&K Bank signs MoU with Atul Auto Ltd.
J&K Bank sanctions Rs.20 Cr through 10000 KCCs in Ganderbal.
J&K Bank donates computer lab, library to Kapran Hr Sec We work for the prosperity of people : EP.
2012
2013
J&K launched zonal office in Bangalore.
Bank inaugurates J&K Bank Business Unit at Paanzan, Chadura.
J&K Bank signs MoU with Chandigarh University.
J&K Bank, Mahindra & Mahindra sign MoU for car loans and commercial vehicle finance.
J&K Bank gets Best Bank Award.
2013
2014
JK Bank opens ATM at Mini Secretariat Reasi.
J & K Bank receives facilitation trophy.
JK launched Âpathway landscaped at Srinagar airport.
Pradhan Mantri Jan Dhan Yojana launched in J&K.
&K Bank inaugurates Currency Chest in Ganderbal.
Jammu & Kashmir Bank has splits its face value from Rs 10/- to 1/-
2014
2015
J&K Bank ATM network reaches 1000 mark. Over 900 ATMs in J&K alone
J&K Bank conducts DLRC in Rajouri, camps in Kupwara
J&K Bank New Business Unit - Rehal Dhamalian, Bishnah
J&K Bank opens business units in Bishnah and Shopiah
J&K Bank inaugurates ATM, new branch premises
J&K Bank opens business unit in Satwari Jammu
2015
2016
J&K Bank inaugurates new branch premises at Katra, Jammu.
J&K Bank ties up with reputed housing company.
J&K Bank opens Extension Counter, ATM in Kathua.
J&K Bankers Club to organize Banclave today.
J&K Bank bags award for APY achievements, opens branch in Ganderbal.
J&K Bank ties-up with PIPE.
J&K Bank bags four awards for SHG, JLG financing.
2016
2017
JK Bank Executive President inaugurates new branch premises in Delhi
JK Bank Chairman e-inaugurates 2 BUÂs and 5 ATMÂs.
J&K Bank appoints kin of slain guards, provides financial relief of Rs 20 Lacs.
J&K Bank Chairman launches 3-day Bajaj Allianz health camp for bank employees.
J&K Bank on the eve of Eid-I-Milad donates ambulance to Dargah Hazratbal.
2017
2018
J&K Bank to establish state-of-the-art Business Unit at Central University Jammu.
J&K Bank Promotes 694 employees across scales.
J&K Bank inaugurates new premises at Dab Ganderbal, to start a pilot project for handicrafts promotion.
J&K Bank enters into MoU with Global Money Transfer Company.
J&K Bank inaugurates new Premises, two ATMs.
2018
2019
J&K Bank organizes DLRC/DCC meet in Baramulla, Bandipora, conducts awareness camp in Pampore.
J&K Bank bags Top Banker Award for PMEGP.
J&K Bank opens facilitation counter inside Green Campus CUK.
J&K Bank establishes refreshment counter at Dastgeer Sahib shrine.
J&K Bank installs Cash Recycler Machine at Business Unit Hari Singh High Street.
2019
2020
J&K Bank Inaugurates BU at Laroo in Kulgam.
J&K Bank ties-up with Ashok Leyland.
J&K Bank opens Fresh Currency Counter at Vaishno Devi Bhawan.
J&K Bank starts Special Desks for youth and women entrepreneurs.
J&K Bank commissions 5 ATMs in Pulwama
J&K Bank inaugurates ATM at SICOP Bari Brahamna.
2020
2021
J&K Bank bags award for second highest percentage of digital payment transactions.
J&K Bank commissions 2 ATMs in Pulwama.
J&K Bank receives additional capital of Rs 500 Cr from Government, It will give impetus to our business expansion plan: CMD.
J&K Bank opens new business unit at Arai in Poonch.
J&K Bank opens Business Unit and an EBU in Ramban.
2021
2022
J&K Bank signs MoU with Ladakh Administration, takes initiatives under CSR MoU will strengthen relation between the Bank and people of Ladakh.
J&K Bank collaborates with BSF to undertake plantation drive Provides 1500 plant stems under CSR.
J&K Bank Signs MoU with Jammu University.
J&K Bank ties-up with Ebix Money Express Pvt Ltd.
J&K Bank MD launches ÂIss Eid Ghar Ghar Khushiyan campaign Srinagar.
J&K Bank signs agreement with SKIMS for digital payment system.
Special Cyber Security Award 2022 on Access and Identity Management for its Privilege and Customer Authentication Framework for FY2020-21
2022
2023
Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022 organized by Indian Chamber of Commerce in Goa on 8th July 2023.
ÂGold Award under the category of Process innovation at Infosys Finacle Innovation Awards 2023.
1st Scheduled Commercial Bank in India to achieve PCIDSS V4 Certification.
2023