Jammu and Kashmir Bank (JKB) has informed the share market (NSE/BSE) that its subsidiary JKB Financial Services Ltd has been permitted from the Reserve Bank of India (RBI) to carry out Stock Broking and many more activities like Depository Services, Distribution of Insurance (both life & non-life), Distribution of Mutual Funds, Collection of Utility Bills and Distribution of Credit Cards.
Jammu and Kashmir Bank functions as a universal bank in the state of Jammu and Kashmir and as a specialised bank in the rest of the country. It operates under four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business.
Share’s Data :-
BSE Code : 532209
Mkt. Cap : Rs 3,749.05 Crores
Jammu & Kashmir Bank Ltd. share’s CMP is Rs 773.00 on 25th Mar 2011.
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