Jammu and Kashmir Grameen Bank

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Jammu and Kashmir Grameen Bank
Native name
जम्मू एवं कश्मीर ग्रामीण बैंक
Company type Regional Rural Bank
Industry Financial
Regional Rural Banks
PredecessorJ&K Grameen Bank Ellaquai Dehati Bank
FoundedMay 1, 2025;5 months ago (2025-05-01)
Headquarters
Jammu, Jammu And Kashmir
,
India
Number of locations
330 Branches
Area served
 Jammu And Kashmir, Ladakh
Key people
Mr. Sanjay Gupta (Chairman)
Products
Services
Owner Government of India (50%)

Government of Jammu and Kashmir (15%)

Jammu & Kashmir Bank (35%)
Parent Ministry of Finance, Government of India
Website www.jkgrameen.bank.in

The Jammu and Kashmir Grameen Bank (JKGB) is an Indian Regional Rural Bank (RRB) in UT of Jammu And Kashmir and in UT of Ladakh established on 1 May 2025. [1] [2] The bank was formed by the amalgamation of J&K Grameen Bank and Ellaquai Dehati Bank under The "One State, One RRB" [3] policy of government. It currently has 330 branches in UTs of Jammu And Kashmir and Ladakh.

Contents

It functions under Regional Rural Banks' Act 1976 and is sponsored by Jammu & Kashmir Bank.

History

J&K Grameen Bank

J&K Grameen Bank(JKGB) was an Indian Regional Rural Bank headquartered in Jammu, Jammu and Kashmir India. It was established in 2009 as a Regional Rural Bank as per Regional Rural Banks Act of 1976. By amalgamation, on 30th June 2009, of the following 2 banks, Jammu Rural Bank and Kamraz Rural Bank both sponsored by Jammu & Kashmir Bank with its Head Office at Narwal, Jammu, vide GoI notification under Sub section (i) of Section 23-A of the RRB Act 1976 (21 of 1976) and commenced its business from 01.07.2009. Bank is having share holding of 50% by Govt. of India, 35% from the Sponsor Bank (J&K Bank) & 15% from Govt. of J&K (Union Territory). The operational area of the Bank covers thirteen (13) Districts, i.e. 11 Districts in the Union Territory (UT) of Jammu & Kashmir and 2 Districts in the UT of Ladakh. The network of the Bank consists of Six Regional Offices and 216 branches i.e. 212 branches in the UT of Jammu & Kashmir and 4 branches in the UT of Ladakh. It is under the ownership of Ministry of Finance, Government of India. [4]

Ellaquai Dehati Bank

Ellaquai Dehati Bank was an Indian Regional Rural Bank headquartered in Shrinagar, India. It was established on 16th july 1979 as a Regional Rural Bank as per Regional Rural Banks Act of 1976. It is sponsored by SBI. Government of India, State Bank of India, and Government of Jammu & Kashmir are the joint owners of the Bank. The Bank has its presence in both the divisions of the Union Territory and has at present a network of 110 Branches and 3 extension counters spread across thirteen districts of the Union Territory (Srinagar, Budgam, Ganderbal, Anantnag, Pulwama, Shopian, Kulgam, Jammu, Udhampur, Reasi, Ramban, Doda, and Samba). It was under the ownership of Ministry of Finance, Government of India. Sh. Fayaz Ahmad Wani was the chairman of the bank at the time of amalgamation. [5]

The Regional Rural Bank logo selection process involved a public poll conducted by NABARD in June 2025 to choose a new, common logo for the amalgamated Regional Rural Banks in India, the initiative aimed at creating a unified brand identity for rural banking after the amalgamation of several RRBs. the poll allowed participants to vote on six logo concepts and nine design variations. The initiative was called OneRRBOneLogo reflecting the vision of having a single identity for the RRBs.

Branch Network

The network of the Bank consists of Eight Regional Offices and 330 branches i.e. 326 branches in the UT of Jammu & Kashmir and 4 branches in the UT of Ladakh.

See also

References

  1. ↑ Govt of India Notification CG-DL-E-07042025-262329 dated 07 April 2025 issued by the Department of Financial Services
  2. ↑ "Govt announces 'One State, One RRB' implementation from May 1, 2025".
  3. ↑ "'One state-one RRB' to be effective from May 1 after govt approves consolidation of 15 regional rural banks". Livemint. 8 April 2025.
  4. ↑ "J&K Gramin Bank history".
  5. ↑ "Ellaquai Dehati Bank about info".


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