The Jammu and Kashmir Bank functions as a universal bank in the Union Territories of Jammu and Kashmir and Ladakh and as a specialized bank in the rest of the country. It works as an agent of RBI. Carries out the banking business of the Union Territories of Jammu & Kashmir and Ladakh, apart from collecting Central Tax for CBDT.
J&K Bank works on the principle of ‘Socially Empowered Banking’ and seeks to provide innovative financial solutions to Domestic, Small and Medium Enterprises.
Its popular name is J&K Bank. It follows a two-legged business model, whereby it seeks to increase lending in its home sector, resulting in higher margins despite modest volumes, and also, on a pan-India basis to create volumes. Seeks to capture lending opportunities and improve margins.