Jammu & Kashmir Bank
Jammu & Kashmir Bank was established in October, 1938 and it started functioning from July, 1939. Jammu & Kashmir Bank was the first state-owned bank in India. According to state's central laws, Jammu & Kashmir Bank was defined according to the laws of the Indian Companies Act, 1956.
In 1971, the Jammu & Kashmir Bank got the scheduled bank status. In 1976, the RBI declared the bank as a Class - A bank. The bank's main activities include financial and banking services through its wide network which comprises of 191 ATMs and 520 branches spread across the country. The services offered by Jammu & Kashmir Bank are cash management, consumer and commercial banking, loans, Internet banking, investments, and deposits.
The Jammu & Kashmir Bank is regulated by SEBI and Reserve Bank of India. The bank is also listed on the Bombay Stock Exchange and National Stock Exchange. The net profit of the Kashmir & Jammu Bank amounted to ` 47.27 crore in 2003-2004 and the next year the figure increased to ` 48.44 crore. In 2006-2007, Jammu & Kashmir Bank has offered services such as for Leh housing loans, loans for used car, term loan for agriculture, for M.Ed and B.Ed courses term loans, and Smart Saver Scheme.
The various insurance schemes provided by the Jammu & Kashmir Bank are:
Last Updated on 06th June 2011
In 1971, the Jammu & Kashmir Bank got the scheduled bank status. In 1976, the RBI declared the bank as a Class - A bank. The bank's main activities include financial and banking services through its wide network which comprises of 191 ATMs and 520 branches spread across the country. The services offered by Jammu & Kashmir Bank are cash management, consumer and commercial banking, loans, Internet banking, investments, and deposits.
The Jammu & Kashmir Bank is regulated by SEBI and Reserve Bank of India. The bank is also listed on the Bombay Stock Exchange and National Stock Exchange. The net profit of the Kashmir & Jammu Bank amounted to ` 47.27 crore in 2003-2004 and the next year the figure increased to ` 48.44 crore. In 2006-2007, Jammu & Kashmir Bank has offered services such as for Leh housing loans, loans for used car, term loan for agriculture, for M.Ed and B.Ed courses term loans, and Smart Saver Scheme.
The various insurance schemes provided by the Jammu & Kashmir Bank are:
- Shop keepers
- Motor insurance
- Burglary
- Hospital cash
- Blue Card
- Gold Card
- Silver Card
- Market transaction
- Re-materialization
- De-materialization
- Depository participant
- Transactions that are off-market
Last Updated on 06th June 2011
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