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Jammu & Kashmir Bank Limited (J&K Bank) is an Indian private sector bank headquartered in Srinagar, Jammu and Kashmir. [2] The Jammu and Kashmir Bank was incorporated on 1 October 1938, by the then ruler of the princely state of Jammu and Kashmir Maharaja Hari Singh with an initial paid up capital of ₹5.00 Lakh.
Parvez Ahmad was chairman and CEO of Jammu and Kashmir Bank. He was removed by the state government on the charges of "mis-governance". He is the second chairman and CEO of J&K Bank, after Haseeb A Drabu, to be suddenly removed by the J&K state government. [1] [2] On 23 September 2021, Nengroo joined the Jammu and Kashmir People's Conference [3]
Haseeb A Drabu (born 1961) is an Indian politician, economist and the former member of Jammu and Kashmir Legislative Assembly from Rajpora constituency in Pulwama district. [1] He was elected as Finance Minister of Jammu and Kashmir in the BJP - PDP coalition government from 2015 to 2018.
In 2019, following the formation of the union territories of Jammu and Kashmir, the Anti-corruption Bureau started investigations into alleged corrupt practices by a number of bank officials, including former bank chairpersons Parvaiz Ahmad Nengroo and Mushtaq Ahmad Sheikh. [7] [8]
Bank of Azad Jammu & Kashmir is the state-owned bank of Government of Azad Kashmir which is based in Muzaffarabad, Azad Kashmir. [3] [4] It was founded in 2005. [5] BAJK has a network of 84 branches. [6] [7]
IDFC in 2005 via IPO cutdown ownership from 100% to 34.91% [35] In October 2024 IDFC merged into IDFC Bank leading to full privatization. [ 36 ] Protean eGov Technologies , formerly known as NSDL e-Gov Infrastructure Limited(a subsidiary of NSDL ), Government of India to sell stakes via SUUTI(Specified Undertaking of The Unit Trust of India ...
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ...
Famous Shrine of Jagad Amba Shri Shiva Bhagwati is situated at 240–250 meters (approx) from jammu and kashmir bank, Akingam. The shrine is located on the foothills of beautiful forest with devdar and vast pastures. Beautiful pastures of land near Shiva Bhagwati Temple Akingam. Shiva Bhagwati Asthapan is the oldest sacred place of the area.