Jammu and Kashmir Grameen Bank, established on 01st May 2025 through amalgamation of J&K Grameen Bank and Ellaquai Dehati Bank vide Government of India gazette notification CG-DL-E-07042025-262329 dated 07 April 2025.
The network of the Bank consists of Eight Regional Offices and 330 branches i.e. 326 branches in the UT of Jammu & Kashmir and 4 branches in the UT of Ladakh, which are engaged in providing all kind of financial services in both the Union Territories.
The Authorized Capital of the Bank is ₹2000 Crores (200 Crore shares of ₹10/- each). The Paid-up Share Capital of the Bank is ₹ 589.44 Crores (58.94 Crore shares of ₹10/- each).
FOCUS
- Increasing outreach by opening more branches in unbanked areas.
- Making further headway toward micro finance and financial inclusion.
- Remittance from abroad through Western Union Money Transfer services.
- Dedicated services for overall development of people of J&K.