J&K Grameen 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)as a joint venture of Government of India,Government of J&K and the Jammu and Kashmir Bank Ltd.(Sponsor Bank) with its Head Office at Jammu.The Authorised Capital of Rs.2000 crores (200 crore shares of Rs.10/- each) as on 31.03.2016. The Paid up share Capital of the Bank is Rs.97.16 crores (971.60 Lakh Shares of Rs.10/- each). The focus of the Bank is increasing its outreach by opening more branches in unbanked areas to avail them with the facilities of the Bank. The area of operation of the bank 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 is engaged in providing credit with in its area of operation in the districts of Baramulla, Bandipora, Ganerbal, Jammu, Kathua, Kargil, Leh, Poonch, Rajouri, Srinagar, Samba, Kishtwar and Kupwara.