and kashmir bank limited bank logo trading name jk bank j & k bank native name type private traded as nse j & kbank bse 532209 industry banking financial services founded 1 october 1938 headquarters srinagar jammu and kashmir india key people parvaiz ahmad chairman & ceo products credit cards mortgage loans services consumer banking corporate banking financial services private banking cash management mobile banking revenue 68.21 billion us 1.0 billion 2015 16 operating income 116 billion us 1.7 billion 2015 16 net income 32.55 billion us 480 million 2015 16 total assets 420 billion us 6.2 billion as on 31 march 2016 total equity 49.06 billion us 730 million 2012 13 number of employees 9400 as on 31 march 2013 website www.jkbank.net the jammu and kashmir bank urdu ; was founded on 1 october 1938 under letters patent issued by the maharaja of jammu and kashmir hari singh . the raja had invited the eminent investors to become the founding directors and shareholders of the bank . the most notable of which were pandit sriniwas magotra abdul aziz mantoo pesten jee and the bhaghat family all of whom acquired major shareholdings . 1 2 the bank commenced the banking business on 4 july 1939 and was considered the first of its nature and composition as a state owned bank in the country . the bank was established as a semi state bank with participation in capital by state and the public under the control of state government . in year 1971 the bank had acquired the status of a scheduled bank and was declared as an a class bank by the reserve bank of india in 1976 . the bank had to face serious problems at the time of independence when out of its total of ten branches two branches of muzaffarabad rawalakot and mirpur fell to the other side of the line of control now pakistan administered kashmir along with cash and other assets . following the extension of central laws to the state of jammu & kashmir the bank was defined as a government company as per the provisions of indian companies act 1956 . mushtaq ahmed is the new chairman & ceo of jammu & kashmir bank . dr haseeb drabu was chairman and chief executive of the bank for the period 2005 to 2010 . the bank celebrated its platinum jubilee in the year 2013 . to make the year remarkable the bank achieved a total business of rs 1000 billion and earned a net profit of rs 10 billion . on 1 april 2013 the bank surpassed the target of promised rs 1000 billion business and is confident of meeting its other annual targets as well in its platinum jubilee year . 3 4 on 15 may 2013 bank announced that it has achieved the target of promised rs 10 billion profit for the fy 2012 13 . the bank posted net profit of rs 10551 million and business turnover of rs 1034 billion for the fy 2012 13 . in its platinum jubilee year the banks board of directors recommended special dividend of 500 % or rs 50 per share for 2012 13 . 5 6 7 contents 1 brief profile conclusion 2 network 3 references 4 external links brief profile conclusion edit j & k bank functions as a universal bank in jammu & kashmir and as a specialised bank in the rest of the country . it is also the only private sector bank designated as rbi s agent for banking business and carries out the banking business of the central government besides collecting central taxes for cbdt . it is the sponsoring bank of j & k grameen bank . the bank was incorporated in 1938 . 8 network edit the bank s corporate headquarters is in srinagar near trc tourist reception centre . the bank is having the network of 865 computerized bank branches and 1035 atms across the country as on 10 august 2016 . references edit about jkb jammu and kashmir bank achieves rs one lakh crore business economic times . articles.economictimes.indiatimes.com 1 april 2013 . retrieved on 6 december 2013 . jk bank vaults rs1 lakh cr biz target lastupdate tue 2 apr 2013 18 30 00 gmt . greaterkashmir.com 2 april 2013 . retrieved on 6 december 2013 . j & k bank q4 net profit up 20 % at rs 250cr . moneycontrol.com . retrieved on 6 december 2013 . jk bank crosses rs 1000 crore profit mark lastupdate thu 16 may 2013 18 30 00 gmt . greaterkashmir.com 16 may 2013 . retrieved on 6 december 2013 . j & k bank posts 20.16 % increase net profit ; announces 500 % dividend moneylife . moneylife.in . retrieved on 6 december 2013 . grameen bank sponsored by j & k bank . www.jkgb.in . retrieved 2016 03 04 . recruitment 2015 external links edit official website v t e banking in india reserve bank reserve bank of india public sector banks allahabad bank andhra bank bank of baroda bank of india bank of maharashtra bharatiya mahila bank canara bank central bank of india corporation bank dena bank idbi bank indian bank indian overseas bank oriental bank of commerce post bank of india punjab & sind bank punjab national bank state bank of bikaner & jaipur state bank of hyderabad state bank of india state bank of mysore state bank of patiala state bank of travancore syndicate bank uco bank union bank of india united bank of india vijaya bank private sector banks axis bank bandhan bank catholic syrian bank city union bank dcb bank dhanlaxmi bank federal bank hdfc bank icici bank idfc bank indusind bank jammu & kashmir bank karnataka bank karur vysya bank kotak mahindra bank lakshmi vilas bank nainital bank rbl bank ratnakar bank south indian bank tamilnad mercantile bank limited yes bank cooperative banks buldhana urban cosmos bank repco bank saraswat bank shamrao vithal co op . bank tnsc bank rajkot nagrik sahakari bank foreign banks abn amro abu dhabi commercial bank antwerp diamond bank australia and new zealand banking group bank internasional indonesia bank of america bank of bahrain and kuwait bank of ceylon the bank of tokyo mitsubishi ufj barclays citibank india credit suisse deutsche bank hsbc the royal bank of scotland scotiabank standard chartered regional rural banks andhra pragathi grameena bank kerala gramin bank bangiya gramin vikash bank gramin bank of aryavart north malabar gramin bank pallavan grama bank pandyan grama bank paschim banga gramin bank sarva up gramin bank south malabar gramin bank uttar bihar gramin bank vananchal gramin bank list of regional rural banks in uttar pradesh interbank networks bancs cashnet cirrus imps upi mitr nfs plus rupay defunct banks alliance bank of simla arbuthnot & co bank of bombay bank of calcutta bank of chettinad bank of cochin bank of hindostan bank of madras bank of madura bank of rajasthan bank of thanjavur bareilley corporation bank bengal central bank bharat overseas bank centurion bank of punjab chartered bank of india australia and china commercial bank of india dass bank exchange bank of india & africa global trust bank grindlays bank hindustan commercial bank imperial bank of india ing vysya bank lakshmi commercial bank lord krishna bank madhavpura mercantile cooperative bank mercantile bank of india london and china miraj state bank nath bank nedungadi bank new bank of india oriental bank corporation oudh commercial bank palai central bank pandyan bank sikkim bank state bank of indore state bank of saurashtra times bank united industrial bank united western bank related topics banks board bureau banking codes and standards board of india atm usage fees in india de materialisation demat foreign exchange forex indian financial system code ifsc list of banks in india national electronic fund transfer neft national payments corporation of india real time gross settlement rtgs structured financial messaging system sfms prepaid payment instruments in india retrieved from https en.wikipedia.org w index.php title jammu % 26 kashmir bank & oldid 743203541 categories economy of jammu and kashmirbanks established in 1938banks of india1938 establishments in indiahidden categories engvarb from may 2014use dmy dates from may 2014pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 8 october 2016 at 13 32 . text is available under the creative commons attribution sharealike license ; 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