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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]
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]
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]
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.
Challenges faced by Azad Kashmir's economy include the devastating 2005 Kashmir earthquake, the effects of which the region is still recovering from. [ 1 ] As of 2022, the GDP of Azad Jammu and Kashmir was estimated to be US$6.6 billion , giving per capita income of 1512 dollar USD, [ 3 ] above from Sept 2013, when Azad Kashmir's GDP was ...
The then social organisation IkkJutt Jammu campaigned against the Roshni Act, which was declared unconstitutional by the Jammu and Kashmir High Court in 2020. [50] The present arrangement of legislative assembly seats (46 in Kashmir and 37 in Jammu) deprives Jammu region an equal say in decision-making process.
Geojit Credits, a subsidiary of Geojit Financial Services Ltd., was also launched after registering with the Reserve Bank of India as a Non-Banking Financial Company (NBFC). In the same year, Geojit shares were also listed on National Stock Exchange of India Limited. In 2012, Geojit launched Qualified Foreign Investors (QFI) Investment service ...