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The Jammu and Kashmir Bank Limited
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Industry
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Financial,
Commercial banks
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Founded
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1938
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Headquarters
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Srinagar,
India
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Number
of locations
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>
700 branches/offices
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Area
served
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Mostly
J & K
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Employees
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10000
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Website
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The Jammu
& Kashmir Bank was founded on October 1, 1938 under letters patent
issued by the Maharaja of Jammu and Kashmir, Hari Singh. The Maharaja invited
eminent Kashmiri investors to become founding directors and shareholders of the
bank, the most notable of which were Abdul Aziz Mantoo, Pesten Gee and the
Bhaghat Family, all of whom acquired major shareholdings.
The
Bank commenced business on July 4, 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.
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