The city of Jammu in the Jammu Division of the Indian state of Jammu and Kashmir is the winter capital of the state. All the administrative offices of Jammu & Kashmir move from Srinagar to Jammu from November to April. Jammu is the main cultural and economic center of the administrative division of Jammu. The city dwells on the banks of River Tawi, with five bridges on the river. Jammu city is surrounded by the Shivalik range and the Trikuta Range. It experiences a humid subtropical climate with extremely torrid summer reaching 46 ?C, and freezing winters, occasionally falling below 4 ?C. Tourism is the largest industry in Jammu. The city serves as a focal point for the pilgrims visiting Vaishno Devi. All the major tourist attractions in Kashmir such as Poonch, Doda and Laddakh are reached via Jammu city. Hence, the city bustles with tourists from all the parts of India throughout the year. Various places of tourist interest in and around Jammu include old historic relics like Mubarak Mandi, Rani Park, Amar Mahal, Purani Mandi, Bahu Fort, Ranbireshwar Temple, Karbala, Raghunath Temple, Peer Meetha, Old city, etc. The economy of the city is also supported by its number of woodgrain mills and rice mills which cater to the local population. There is an industrial estate located at Bari Brahamna which has Industrial units manufacturing products like carpets, electronic goods, electric goods, etc. This area also has a freight rail link which aids in carrying the manufactured goods to other parts the country.
In February 2003, the RBI gave the license to Kotak Mahindra Finance Ltd to carry on banking business. The head office of the Kotak Mahindra, an Indian private sector bank, is in Mumbai, Maharashtra. It provides banking products and financial services for corporate and retail customers and specialized subsidiaries in the areas of life insurance, investment banking, general insurance, and wealth management.The Bank has 1,369 branches across 689 locations and 2,163 ATMs in the country, as of 31 March 2017. In 2018, it became the second largest private bank in India by market capitalization after the HDFC Bank. Uday Kotak established the Kotak Mahindra Bank which became a financial services conglomerate. The Reserve Bank of India (RBI) provided the banking licence to Kotak Mahindra Finance Ltd (KMFL), the Groups flagship company in February 2003. The KMFL became the first non-banking finance company in India to be converted into a bank ? Kotak Mahindra Bank Limited (Kmb)ltd.In a study published in February 2014 by Brand Finance Banking 500, KMBL was ranked 245th among the worlds top 500 banks with valuation of around half a billion dollars and brand rating of AA+. The Kotak Bank acquired ING Vysya Bank in a deal valued at ?15,000 crore in 2015. Total employment jumped to almost 40,000, and the count of branches reached 1261 with the merger. After the merger,the ING Group, which controlled ING Vysya Bank, owned a 7% share in Kotak Mahindra Bank.