Jammu & Kashmir, founded in 1936 and headquartered in Srinagar, serves as a prominent banking institution in the region. The company aims to provide a range of financial services to its clients, with a strong focus on fostering economic growth and development through accessible banking solutions. Key offerings include personal and business loans, savings accounts, and investment services tailored to meet the needs of the local community.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Jammu & Kashmir began issuing bonds in 2005 as part of its strategy to strengthen its financial foundation and support regional development projects. Notable issuances include the ?500 crore bond in 2018 aimed at infrastructure development, which attracted significant investor interest due to its competitive yield of 7.5% compared to the industry average. The bank's bonds often come with special features such as tax benefits under certain conditions, adding appeal for retail investors. Recent news highlights a successful bond series launched in 2022 to fund local business initiatives, which further solidified its reputation in the fixed-income market.