1.

JKB meaning in Banking ?

Answer» What is Jammu and Kashmir Bank mean?

Jammu & Kashmir Bank Limited (J&K Bank) is a nationalised bank and one of the oldest nationalised banks in India, having its Corporate Headquarters in Srinagar, J&K with its Zonal Offices in J&K, Delhi, Mumbai and Ladakh. It is under the ownership of Ministry of Finance, Government of India.

J&K Bank was incorporated on October 1, 1938 by then ruler of princely state of J&K Maharaja Hari Singh with initial paid up capital of ₹ 5.00 Lakh. The bank registered a total business turnover of over Rs.1750 billion as on March 31, 2021.

J&K Bank operates on the principle of 'socially empowering banking' in line with its tagline “Serving to Empower” and seeks to deliver innovative financial solutions to cater to the financial needs of all segments of the society.

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