The Jammu and Kashmir Bank was founded on 1 - October - 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Hari Singh.

RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting).

Bank profile :

Type Semi-Government

Traded as NSE: J&KBANK, BSE: 532209

Industry Banking, Financial services

Founded 1 October 1938

Headquarters Srinagar, Jammu and Kashmir, India

Key people Parvez Ahmad (Chairman & CEO)

Products Credit Cards

Mortgage loans

Services Consumer Banking

Corporate Banking

Financial Services

Private Banking

Cash Management

Mobile Banking

Revenue 68.21 billion (US$1.1 billion)(2015–16)

Operating income 116 billion (US$1.8 billion)(2015–16)

Net income 32.55 billion (US$510 million)(2015–16)

Total assets 420 billion (US$6.5 billion) as on 31 March 2016

Total equity 49.06 billion (US$760 million)(2012–13)

Number of employees 9400 as on 31 March 2013