Jammu and Kashmir Bank

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About Jammu and Kashmir Bank

The Jammu and Kashmir Bank was incorporated in the year 1938. It ranks among the leading commercial banking institutions in the state of Jammu and Kashmir. The bank has its head office in Srinagar, the summer capital of the state, and enjoys a large clientele. It has a dual role of an investment bank and a commercial bank in the state of J & K. It offers specialized financial services in other locations of India.

The Jammu and Kashmir Bank functions as the financier of the Government of Jammu & Kashmir. It is famous for providing a host of pioneering banking products and services to households and SMEs (small and medium enterprises). Currently, the Chairman and Chief Executive Officer (CEO) of the bank is Mr. Mushtaq Ahmed. The stocks of the bank are publicly traded on the NSE and BSE. It has earned a CRISIL rating of P1+.

Board of directors of Jammu and Kashmir Bank

The following people represent the board of directors of the bank:

  • Mushtaq Ahmad
  • Sudhanshu Pandey, IAS
  • Arnab Roy
  • M. I. Shahdad
  • Vikrant Kuthiala
  • Prof. Nisar Ali
  • A. M. Matto
  • Rakesh Kumar Gupta
  • Nihal Garware

Products and services of Jammu and Kashmir Bank

The products and services rendered by J&K Bank can be categorized in the following manner:


  • Specialized Finances
  • Automobile Finance
  • Educational Finance
  • Home Finance
  • Other Types of Finances

Savings and Deposits

  • Current Accounts
  • Gift Cheque Scheme
  • Value Added Schemes
  • Term Deposit
  • Saving Bank Deposit


  • Non Life Insurance products
  • Life Insurance products


  • Merchant Acquiring
  • Empowerment Credit Card
  • Global Access Debit Card

Tax Products

  • Tax Saver Deposit Scheme

Mutual Funds

  • Mutual Funds

Support Services

  • Merchant Acquiring
  • Debit & Credit Cards
  • ATM Services
  • SMS Banking
  • Internet Banking
  • Anywhere Banking

Third Party Services

  • Insurance Services
  • Remittance Services
  • Mutual Funds

Depository Services

  • Basic Information
  • Network
  • Account Opening

Non Resident Banking

Apart from the abovementioned services, the Jammu and Kashmir Bank also offers the following services to its non-resident Indian customers:

NRE Rupee Deposits

  • NRE Savings Account
  • NRE Fixed Deposits
  • NRE Rupee Deposits

NRO Rupee Deposits

  • NRO Rupee Deposits
  • NRO Fixed Deposits
  • NRO Savings Account

Deposit Plans for Returning Indians

  • Deposit Plans for Returning Indians

Foreign Currency Non-resident-Banks (FCNR-B)

  • Helpful Information - NRO Rupee Deposits
  • Foreign Currency Non-resident-Banks (FCNR-B)

Remittance from Abroad

  • Money Transfer
  • Remittance of Funds from Overseas Locations

Financial Performance of Jammu and Kashmir Bank :

The facts and figures associated with the financial performance of the bank for the quarter and half year ended September 30, 2011 are given below:

Total operating income for the quarter ended September 30, 2011:
Rs. 505.49 crores. This was considerably higher than that of the corresponding quarter 12 months ago when it registered a total operating income of Rs. 447.11 crores.

Operating Profit for the quarter ended September 30, 2011 (prior to provisions and contingencies ):
Rs. 312.77 crores. This showed a substantial hike from that of the same quarter one year ago when it earned an operating profit of Rs. 284.43 crores.

Net profit for the quarter ended September 30, 2011:
Rs. 199.65 crores. This surpassed the net profit of the corresponding quarter one year ago when the bank registered a net profit amounting to Rs.163.27 crores.

Contact details of Jammu and Kashmir Bank

Given below are the contact details of Jammu and Kashmir Bank:

Corporate Headquarters
M A Road
Srinagar 190 001
Jammu & Kashmir

Registered Office
M A Road
Srinagar 190 001
Jammu & Kashmir

EPABX Numbers: (+91- 0194) 2481930 -2481935

Jammu & Kashmir Bank Informational Data

Name of Bank Jammu & Kashmir Bank
No. of Offices 491
No. of Employees 7627
Business per Employee (in ` Lakh) 500.00
Profit per Employee (in ` Lakh) 5.00
Interest Income (in ` Crore) 2988
Other Income (in ` Crore) 245
Interest Expended (in ` Crore) 1988
Operating Expenses (in ` Crore) 471
Return on Assets 1.09
CRAR 14.48
Net NPA Ratio 1.38

Last Updated on 4/18/2012