The Jammu & Kashmir Bank Ltd, State’s premier financial institution is functioning as a universal bank in Jammu & Kashmir and as a specialized bank in the rest of the country. While operating under various segments, a decision was taken by the bank to establish a separate Company for conducting stock broking and other para banking activities. Consequently, a wholly owned subsidiary JKB Financial services Ltd. was set up in the year2008 to carry on the activities of Stock Broking, Depository Services, Distribution of Insurance (both life and non-life), Distribution of mutual Funds, Distribution of credit cards and collection of utility bills.