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Srinagar: First Lady Mrs. Usha Vohra e-inaugurated the first “All Women Branch of J&K Bank” at a function organised at the SKICC today. Sh. Parvez Ahmad, Chairman J&K Bank was present on the occasion.           Mrs. Vohra also inaugurated special services and products designed exclusively for women clients of the Bank, which included Pink Gold Saving […]

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Lead bank Budgam holds workshop on potential linked plan 2019-20

Srinagar: Lead Bank Budgam in collaboration with NABARD conducted a sensitisation workshop on 9th of July 2018 at Conference Hall JK Bank Budgam. Representatives of government departments and the banks participated in the workshop. The main focus of the workshop was to discuss and strategise the Potential Linked Plan 2019-20, which forms the basis of […]

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J&K Bank strengthens ties with Kashmir University

Srinagar,: Today we have taken our relationship with this prestigious institution to the next level by conferring the Most Preferred Client status to the University of Kashmir besides laying the foundation stone of a modern banking center comprising of a Business Unit and a Digital Lounge within the campus. With a promising beginning like this, we will only […]

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India beats France to become world’s sixth largest economy

Paris/New Delhi: India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India’s gross domestic product (GDP) amounted to USD 2.597 trillion at the end of last year, against USD 2.582 trillion for France. India’s economy rebounded strongly from July 2017, after several quarters of […]

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JKBank opening 200 branches, aiming Rs 170000 Cr business in 2018-19: Parvez Ahmed

Srinagar, Jul 7: Our market share in the state is around 65 pc but that doesn’t make us complacent in any way. In fact, to increase our outreach we are going to open 200 more business touch points in J&K by the end of current fiscal. The Bank is on track to realise the organizational goals […]

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J&K Bank inaugurates new premises of Navin Shahdara in Delhi

Srinagar, : Jammu and Kashmir Bank today threw open the new premises of its Business Unit Navin Shahdara in East Delhi for public amid a large gathering of valuable clients, businessmen, and local residents. The bank’s Executive President Pushap Kumar Tickoo inaugurated the newly renovated and refurbished premises of B/U Navin Shahdara and ATM at Delhi […]

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RBI hikes repo rate to 6.25%

Reserve Bank of India hikes Repo Rate by 25 bps to 6.25%. Reverse Repo rate at 6%. The central bank announced its bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude oil prices. The RBI projects inflation for 2018-19 at 4.8- 4.9% in first half and 4.7% in the […]

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Sensex down over 200 pts

Benchmark Sensex tanked over 215 points to close at 35,011.89 today as cautious investors trimmed their portfolios amid the RBI’s monetary policy meeting getting underway. The RBI’s Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half […]

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M.K. Jain appointed RBI Deputy Governor

Former IDBI Bank MD and Chief Executive M.K Jain was on Monday appointed a new Deputy Governor of the Reserve Bank of India (RBI) for a period of three years, an official statement said. The appointment was made by the Financial Sector Regulatory Appointment Search Committee, which includes the Reserve Bank of India (RBI) Governor, […]

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Subsidised LPG cylinders get costlier by Rs 2.34, non-subsidised see Rs 48 hike

New Delhi: In yet another blow to the common man after the continuous hike in fuel prices in the past few weeks, the prices for Liquefied Petroleum Gas (LPG) increased by Rs 2.34 and Rs 48 for subsidised and non-subsidised cylinders respectively in the national capital on Friday. The new price for subsidised (Rs 14.2/Kg) cylinder […]

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