Jammu and Kashmir Bank Limited is an Indian private sector banking and financial services company. Founded in the year 1938 by the then ruler of the princely state of Jammu and Kashmir, it is among the oldest private banks in India. It was initially established as a semi-state bank, with capital contribution from both the state and public. In the year 1971, Jammu and Kashmir Bank was granted a scheduled status. Despite being a private sector bank, the government of Jammu and Kashmir holds majority stakes in it.
| Particular | Details |
| Bank Name | Jammu and Kashmir Bank Limited |
| Type | Private Sector |
| Founded | 1st October 1938 |
| Founder | Maharaja Hari Singh |
| Headquarters | Srinagar, J&K, India |
| MD & CEO | Amitava Chatterjee |
| Chairman | Sankarasubramanian Krishnan |
| Regulator | RBI |
| Services | Retail Banking, Commercial Banking, Treasury and more |
| Branch Network | 1008 |
| Customer Base | 1.25 crore |
| Total Deposits | INR 1.55 lakh crore |
| Total Advances | INR 1.16 lakh crore |
| CASA Ratio | 44.10% |
| Bank Type Focus | Corporate and Retail Banking |
| Official Website | www.jkb.bank.in |
Net Worth and Market Cap
Net Worth of Jammu and Kashmir Bank Limited was approximately INR 14,251.94 crore in March 2025. The bank’s market capitalisation is currently at INR 11,771.64 crore.
Corporate Leadership
Amitava Chatterjee serves as the Managing Director and CEO of Jammu and Kashmir Bank Limited, having taken charge in December 2024. Sankarasubramanian Krishnan is the part-time Non-Executive Chairman, while Ketan Kumar Joshi is the Chief Financial Officer of the bank.
Key Products and Services
Jammu and Kashmir Bank offers a broad range of products and services in retail banking, corporate banking, deposits, insurance, treasury, digital banking and more. It is expanding its digital offerings for faster and paperless banking experiences.
Savings account options include general savings accounts and special variants like students, government employees, salary packages, NCC cadets and others. Benefits like free cash withdrawals, high ATM limits, free e-banking, international debit cards and more are provided to the account holders.
Deposit options include fixed deposits and deposit schemes like Special Bachat Deposit. Retail loan options include car loans, housing loans, education loans, personal loans and gold loans. Furthermore, business loans like agriculture loans, working capital loans, trade credit, export credit and more are also offered by the bank.
The bank offers life insurance through PNB Metlife and general insurance in collaboration with IFFCO Tokio and Bajaj Allianz.
Scale of Operations
Jammu and Kashmir Bank Limited is headquartered in Srinagar, Jammu and Kashmir, India. It has a network of 1008 branches, 1436 ATMs, 169 CRMs and 99 ultra small branches known as easy banking units, as of 31st December 2025. 835 branches are located in Jammu and Kashmir and 37 in Ladakh, with the rest in other parts of India.
