Jammu and Kashmir Bank

The bank was established on October 1st 1938 after Maharaja of Kashmir called Hari Singh issued a patent letter giving green light for the formation of the bank.

The prominent and well established businessmen were called to be part of the institution as directors and included the bright minds of Pesten Gee, Abdul Aziz Mantoo and the Bhaghaat Family.

The bank started business exactly on 4th July 1939 with the state making up for remaining shareholdings. Initially it was founded as a semi-state bank exhibiting state influence as well as the public completely controlled by the Government.

During independence, some of the bank’s branches fell in the region of new administration with all the cash and assets. It was not long until it became a fully state owned bank under the provisions of the companies Act in the year 1956.

Jammu and Kashmir bank has developed in the recent past and proved to be the fastest growing financial bank with over 500 offices and branches in the entire republic providing quality banking services and products to the people.

The bank has begun developing mutual trust with the shareholders, borrowers, customers and regulators within the institution centered at achieving efficiency and excellence in proper corporate administration. Normally good and sound management policies are the variables which determine the bank’s financial advantages and viable inputs that galvanize the bank into a world beater.

The bank’s motto derives its will from the pillars of financial power to fight off the total clouds of external and internal pressures that tend to hamper its growth and development. These pillars are;
Accountability: where every player is responsible for his acts and transactions,

Transparency: the bank strives to encourage its staff to be honest and clear with the bank and within their hearts; they should not hide sensitive matters or information below the table but put in the open for everyone to see.

Disclosure: any information should be made known without hiding part or all of it because this is the spirit of fight the enemy together.

Value: the idea of efficiency and profit orientation is the driving force for the bank. The bank works hard to give valuable services to the customers and indeed receive value for their services rendered and more so products sold.

Besides offering a range of services and products to the people of India, the bank specializes in building investor confidence in financial sector, corporate governance and tax planning to the customers.