J&K Grameen Bank (JKGB)

About Bank:

J&K Grameen Bank (JKGB), was established on 30th June 2009 after amalgamation of two erstwhile RRBs viz. JRB and KRB in accordance with GOI Notification dated 30th June 2009 issued under sub- section (1) of section 23A of the RRB Act, 1976 (21 of 1976).

The area of operation of the back is extended to 11 Districts, besides some parts of District Srinagar and Ganderbal of J&K State.The network of the bank consist of two Regional Offices, Six Area Offices and more than 200 branches and is engaged in providing credit in various districts of J&K. The Bank has authorized capital of Rs. 5crore and issued, subscribed and paid up capital of Rs. 2crore, comprising of Two lac shares of Rs. 100 each.

FOCUS :

1. Increasing outreach by opening more branches in unbanked areas.
2. Making further headway toward micro finance and financial inclusion.
3. Remittance from abroad through Western Union Money Transfer services.
4. Dedicated services for overall development of people of J&K.