Jammu and Kashmir Bank Ltd
NSE: J&KBANK BSE: 532209
₹125.41
(3.77%)
Sat, 14 Mar 2026, 11:43 pm
Market Cap133.13B
PE Ratio6.44
Dividend1.78
Finance
Regional Banks
24.5KCompany History
1938
- Incorporated on 1st October as first state-owned bank.
- Defined as government company under Companies Act 1956.
1939
- Commences business on 4th July.
1971
- Receives scheduled bank status.
1976
- Declared 'A' Class Bank by RBI.
1993
- Ties up with Reuter News Agency for global currency rates.
1995
- Launches Banking Ombudsman Scheme in June.
- Introduces loan delivery system in April.
1998
- Public issue of 1,85,00,000 equity shares at premium.
- Launches recovery drive for defaulters.
- Introduces 'Jana Priya Jamma Yojna' term deposit scheme.
- Introduces Housing Loan and Education Loan Schemes.
1999
- Enters agreement with IBA for shared ATM network.
2000
- Ties up with Infosys for internet banking and e-commerce.
- In talks with foreign insurance companies for joint venture.
- Ties up with American Express for co-branded credit card.
- Plans entry into non-life insurance, depository, life insurance, asset management.
2001
- Launches J&K Bank-AMEX Co-branded Credit Card.
- Ties up with Metlife for insurance foray.
2002
- Board changes: Mr H S Anand, Mr M I Shahdad cease; Dr G Q Allaqaband, Mr D S Kandhari appointed; Dr A M Khusro, Mr G P Gupta, Mr Vipin Malik reappointed.
2003
- Changes in Board: cessations and appointments including Mr Mohammad Yasin Mir, Mr B L Dogra, Dr A M Khusro.
- Reduces interest rates from 16% to 12% for houseboat owners, taxi operators.
- Appoints Dr Haseeb A Drabu as Director.
- Mr D S Khandhari resigns as Director.
- Deploys Finacle Core Banking with Infosys.
- Decides to launch Global Access Card with MasterCard.
- Appoints Mr Sudhakar Kaza as additional Director.
2004
- Slashes PLR to 11%.
- Approves Rs 300 Cr for Reliance Infocom.
- Ties up with ICICI Bank for ATM network sharing.
- Receives Asian Banking Award 2004.
- Signs MoU with Bajaj Tempo.
- Appoints Dr Haseeb A Drabu, Mr Umar Khurshid Tramboo, Mr Munir-ud-din Shawl as Directors.
- Unveils international division in Srinagar.
- IDBI Bank ties up for Visa transactions.
- Inks pact with Birla Power Solutions.
2006
- Receives RBI approval for increasing FII holding.
- Ties up with Kota Mutual Funds.
2007
- Appoints Mr. M S Verma and Mr. G P Gupta as Directors.
- Signs MOU with SDA.
- Launches Dastkar Finance Scheme.
2008
- Appoints Mr. Ashok Kumar Mehta and Mr. Abdul Majid Mir as Executive Directors.
- Signs MoU with Tata Consultancy Services for IT blueprint.
- Reappoints Mr. B L Dogra, Mr. M S Verma, Mr. G P Gupta as Directors.
2009
- Appoints Mr. Arnab Roy as Director.
- Launches 'I am Listening' campaign.
- Launches special merchant acquisition drive.
- Ties up with Tata BP Solar India Ltd.
2010
- Signs MoU with HPCL for ATMs at petrol pumps.
- Launches An Poshe Tele Yeli Wan Poshe, distributes 100+ LPG connections.
- Launches 'Operation Clean Up'.
2011
- Educates youth at Kapran Employment fair.
- Launches ATM in Langate.
- Opens 3 more Business Units.
- Conducts plantation drive on World Plantation Day.
- Inaugurates ATM; ATM strength reaches 500.
2012
- Announces All India J&K Bank Invitational Gold Cup Football Tournament.
- Signs MoU with Atul Auto Ltd.
- Sanctions Rs 20 Cr through 10000 KCCs in Ganderbal.
- Donates computer lab and library to Kapran Hr Sec School.
2013
- Launches zonal office in Bangalore.
- Inaugurates Business Unit at Paanzan, Chadura.
- Signs MoU with Chandigarh University.
- Signs MoU with Mahindra & Mahindra for car loans and commercial vehicle finance.
- Receives Best Bank Award.
2014
- Opens ATM at Mini Secretariat Reasi.
- Receives facilitation trophy.
- Launches landscaped 'pathway' at Srinagar airport.
- Launches Pradhan Mantri Jan Dhan Yojana in J&K.
- Inaugurates Currency Chest in Ganderbal.
- Splits face value from Rs 10 to Rs 1.
2015
- ATM network reaches 1000 mark.
- Conducts DLRC in Rajouri, camps in Kupwara.
- Opens business units in Rehal Dhamalian, Bishnah, Shopiah, Satwari Jammu.
- Inaugurates ATM and new branch premises.
2016
- Inaugurates new branch premises at Katra, Jammu.
- Ties up with reputed housing company.
- Opens Extension Counter and ATM in Kathua.
- Bankers’ Club organizes Banclave.
- Bags award for APY achievements, opens branch in Ganderbal.
- Ties up with PIPE.
- Bags four awards for SHG and JLG financing.
2017
- Inaugurates new branch premises in Delhi.
- E-inaugurates 2 BUs and 5 ATMs.
- Appoints kin of slain guards, provides Rs 20 Lacs financial relief.
- Launches 3-day Bajaj Allianz health camp for employees.
- Donates ambulance to Dargah Hazratbal.
2018
- Establishes Business Unit at Central University Jammu.
- Promotes 694 employees across scales.
- Inaugurates new premises at Dab Ganderbal, starts handicrafts promotion pilot.
- Enters MoU with Global Money Transfer Company.
- Inaugurates new premises and two ATMs.
2019
- Organizes DLRC/DCC meets in Baramulla, Bandipora; conducts awareness camp in Pampore.
- Bags Top Banker Award for PMEGP.
- Opens facilitation counter at Green Campus CUK.
- Establishes refreshment counter at Dastgeer Sahib shrine.
- Installs Cash Recycler Machine at Business Unit Hari Singh High Street.
2020
- Inaugurates BU at Laroo, Kulgam.
- Ties up with Ashok Leyland.
- Opens Fresh Currency Counter at Vaishno Devi Bhawan.
- Starts Special Desks for youth and women entrepreneurs.
- Commissions 5 ATMs in Pulwama.
- Inaugurates ATM at SICOP Bari Brahmana.
2021
- Bags award for second highest percentage of digital payment transactions.
- Commissions 2 ATMs in Pulwama.
- Receives additional capital of Rs 500 Cr from Government.
- Opens new business unit at Arai, Poonch.
- Opens Business Unit and EBU in Ramban.
2022
- Signs MoU with Ladakh Administration under CSR.
- Collaborates with BSF for plantation drive, provides 1500 plant stems.
- Signs MoU with Jammu University.
- Ties up with Ebix Money Express Pvt Ltd.
- MD launches 'Iss Eid Ghar Ghar Khushiyan' campaign.
- Signs agreement with SKIMS for digital payment system.
- Receives Special Cyber Security Award for Privilege and Customer Authentication Framework.
2023
- Best Performance in CASA-India (1st Runner-up Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards.
- Receives 'Gold Award' for Process Innovation at Infosys Finacle Innovation Awards.
- Becomes 1st Scheduled Commercial Bank in India to achieve PCIDSS V4 Certification.
2024
- Launches 'Kisan Adhikar Abhiyan' to achieve KCC saturation.
- Commissions new branch at Ramnagri, Shopian.
- Bags SKOCH Gold Award for Corporate Governance.
- Signs MoU with CNH Industrial to boost agricultural financing.
- Opens new branch at Gurdaspur, Punjab.
- Adds New India Assurance as Bancassurance partner.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800