Jammu & Kashmir Bank holds financial literacy camps

With a view to make people aware about the banking services and basic finance management, Jammu & Kashmir Bank (JKB) conducted various financial literacy camps in Poonch, Budgam and Kupwara districts in the last few weeks. The bank’s FLCC Center Poonch organized a camp at village Bhatadurian Block Balakote that witnessed participation of the cross section of society. Moreover, the bank’s FLCC Kupwara branch organised an awareness camp at Darpora Lolab in collaboration with Lead Bank and Cluster Office Kupwara where in a large number of people participated representing almost all the sections of the area. With a view to apprise the students about the loan schemes devised by the banks for educational needs, FLCC center Budgam organized a financial literacy camp at Boys Higher Secondary School (Budgam). A large number of students along with the faculty members participated in the camp. Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.