<P> On 15 May 2013, bank announced that it has achieved the target of promised Rs 10 billion profit for the FY 2012--13 . The bank posted net profit of Rs 10551 million and business turnover of Rs 1034 billion for the FY 2012--13 . In its Platinum jubilee year, the banks board of directors recommended special dividend of 500% or Rs 50 per share for 2012--13 . </P> <P> J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country . It is also the only private sector bank designated as RBI's agent for banking business, and carries out the banking business of the Central Government, besides collecting central taxes for CBDT . It is the sponsoring bank of J&K Grameen Bank . </P> <P> The bank's corporate headquarters is in Srinagar near TRC (Tourist Reception Centre). The bank has a network of 865 computerized bank branches and 1126 ATMs across the country as on 17 August 2017 . </P>

Number of branches of jammu and kashmir bank