About Jammu & Kashmir Bank Limited

Jammu & Kashmir Bank Limited is a full-service commercial bank founded in 1938 and headquartered at Corporate Headquarters, M.A. Road, Srinagar 190001, Jammu & Kashmir, India. It presents itself as “Your Bank Since 1938,” underscoring a long legacy of serving retail and institutional customers in its home geography and beyond. The Bank operates a wide network of 1,019 branches (including IARBs) across 18 states and 4 union territories as on March 31, 2025, offering comprehensive banking services through this footprint.

Its core activities span Retail Banking, Corporate/Wholesale Banking, Treasury Operations, and Other Banking Business, aligning the franchise around deposit mobilisation, lending, payments, and treasury management for diverse customer segments. As of March 31, 2025, the Bank has one subsidiary, a wholly owned, unlisted entity (number only, as requested) that supports para-banking needs and expands access to investment and distribution services for customers in the Union Territories of J&K and Ladakh.

Recent milestones include enhancements in the group’s digital and distribution capabilities via the subsidiary’s technology rollouts, and continued strengthening of risk and disclosure practices in line with regulatory guidance. The Bank publishes Basel III Pillar 3 disclosures, with the latest set available as of March 31, 2025, reflecting a structured approach to transparency across capital, risk and liquidity metrics.

Jammu & Kashmir Bank Limited, Key Management

• Amitava Chatterjee – Managing Director & CEO
• Fayaz Ahmad Ganai – Chief Financial Officer
• Mohammad Shafi Mir – Company Secretary

Latest Updates on Jammu & Kashmir Bank Limited

• Credit rating actions: India Ratings upgraded the Bank’s Tier II Subordinate Debt rating to IND AA-/Stable from IND A+/Positive on August 22, 2024; Care Ratings upgraded the same instrument to CARE AA-/Stable from CARE A+/Positive on September 17, 2024. The Bank’s Certificate of Deposit and Short-Term Deposit programmes were rated CRISIL A1+, and Fixed Deposit was rated CRISIL AA-/Stable; AT1 carried BWR A/Stable.
• Regional Rural Bank consolidation: Under the Government’s ‘One State One RRB’ policy, J&K Grameen Bank and Ellaquai Dehati Bank were amalgamated into “Jammu and Kashmir Grameen Bank” effective May 1, 2025, under the sponsorship of J&K Bank (Gazette Notification dated April 7, 2025).
• Capital markets and digital offering by subsidiary: During FY 2024-25, the Bank’s wholly owned subsidiary launched “JKB mTrade,” a mobile trading application that enables online IPO applications with real-time lien marking, alongside equity broking, margin trading, and distribution of mutual funds and ETFs.
• Liability management: On December 27, 2024, the Bank redeemed redeemable debentures amounting to Rs 500 crore, as noted in the secretarial audit report.
• Regulatory transparency: Basel III Pillar 3 disclosures as of March 31, 2025, are published on the Bank’s website pursuant to the RBI’s April 01, 2025, circular on capital regulations.