J&K Bank on 26 March 2013 won the prestigious FE India’s Best Banks Award-2012-13 in recognition of its strong fundamentals and dynamic growth model.
Others accolades in its ranking
• The Bank has been ranked as No. 1 in Best Old Private Sector Bank category in the survey conducted across the banking industry.
• In terms of Profitability, the Bank stands 3rd in the overall banking industry while as 1ST in the category of Old private sector banks.
Jammu and Kashmir Bank is about to achieve a milestone business turnover in its platinum jubilee year.
In line with the industry best practices of according high priority to risk applications the bank is hopeful of further strengthening their growth, increase efficiency in both short and long term.
Remarkably, the survey differentiates between the various categories of banks - public sector, private sector: old and new and foreign banks - in recognition of their differing operating environments and awards those institutions that have maximized stakeholder value.
The methodology adopted by the survey is rigorous and is based on extensive crunching of Reserve Bank of India (RBI) data by the Express Group’s knowledge partner, Ernst & Young.
It is important here to note that the Bank has won the prestigious award in 2011 also.