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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.
The global framework for banking regulation and supervision, prepared by the Basel Committee on Banking Supervision, makes a distinction between three "pillars", namely regulation (Pillar 1), supervisory discretion (Pillar 2), and market discipline enabled by appropriate disclosure requirements (Pillar 3). [2] Bank licensing, which sets certain ...
The central bank in some jurisdictions, such as the European Union, does not require reserves to be held during the day, while in others, such as the United States, the central bank does not set a reserve requirement at all. Bank deposits are usually of a relatively short-term duration, and may be “at call”, while loans made by banks tend ...
The Selected Candidates in J&K Accounts Services ( JKAS Accounts) assume diverse roles in Financial administration and Management within the Union Territory of Jammu and Kashmir. -In Treasuries, they work as Additional Treasury Officers and District Treasury Officers.
There are a number of sectors in which banks may be involved. The general bank license allows a bank to engage in all banking activities, such as retail banking, merchant acquiring, cash management, asset management and trading. An applicant can apply for a limited banking license, such as an offshore banking license. [2]
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]
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance , Government of India , Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
In June 2019, the Reserve Bank of India approved the appointment of Chhibber as interim chairman and managing director (CMD) of the Bank, following the removal of Parvez Ahmad from the post by the state government. [9] [10] He also served as the Chairman of J&K Grameen Bank an Indian Regional Rural Bank. He was elevated as the Executive ...