The Citizens’ Cooperative Bank Ltd. Jammu is a cooperative bank that has served Jammu and Kashmir since 1978. The Citizens’ Cooperative Bank Ltd. Jammu mission is to provide financial products and services to the people of Jammu through a competitive cooperative banking network. Let’s delve into some essential details.
- The Citizens’ Cooperative Bank Ltd. Jammu holds the distinction of being the foremost and most expansive Urban Cooperative Bank in the Jammu & Kashmir region.
- It was formally registered under the J&K Cooperative Societies Act of 1960 on March 4, 1978. The Reserve Bank of India granted it Licence No. ACD.J&K 114P on August 14, 1978, authorizing the bank to engage in banking operations across India.
- The bank inaugurated its journey from its registered office and its first branch located at Moti Bazar, Jammu, commencing business operations on October 3, 1978. Initially, the bank’s foundation rested on 738 shareholders and a modest share capital totaling ₹1.96 lakh, with the government contributing ₹1.00 lakh.
- The governing body, known as the Board of Directors, is elected for a three-year term by the shareholders through elections, overseeing the bank’s operations. Initially, the bank’s operations were confined to the municipal boundaries of Jammu City, but it has since broadened its reach to encompass the entire Jammu Province.
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Currently, the bank boasts 11 branches and 4 extension counters spread across the Jammu Division. The administrative office is located at 68 B/D Gandhi Nagar, Jammu.
For further information, you can contact them at 0191-2432058 or visit their website: Citizen Cooperative Bank Jammu.