Officially known as the NCT or the National Capital Territory, Delhi is a union territory and also the capital city and of India. Hence, it is the center of the National Capital Region (NCR). Although it is a union territory, the administration of Delhi closely resembles that of any Indian state as it has its own high court, legislature and an executive council headed by a Chief Minister. Delhi gives a tough competition to Mumbai in terms of population and wealth. It is the second wealthiest city in India, closely following Mumbai. It is also a tourism hub for its famous ancient historical relics. Heritage sites like the Qutub Minar, Humayun?s Tomb, Jama Masjid are hotspots for active tourism. Moreover, Delhi connects travelers to exciting destinations in the northern Himalayan Mountains. The city experiences a sub-tropical semi-arid climate ? the summer and winter months starkly contrast each other and are marked by temperatures at extreme ends. The city has an excellent infrastructure in terms of transport and connectivity. However, the pollution levels in the city have reached alarming levels of late. The people of Delhi, commonly known as ?Delhiites,? lovingly call their city ?Dilli? according to the Hindi pronunciation. Home to people from different parts of India, Delhi is indeed a melting pot of various cultures.
The J&K Bank is a private sector banking and financial services company based in Srinagar, Jammu, and Kashmir. J&K Bank established on October 1, 1938, was the first bank in the country to emerge as a state-owned bank. On 1 October 1938, the Jammu and Kashmir Bank was founded by Maharaja Hari Singh (the Maharaja of Jammu and Kashmir). The eminent investors were invited by the Maharaja to become the founding directors and shareholders of the bank. The most notable investors were Abdul Aziz Mantoo, Pesten jee, Pandit Sriniwas Magotra, and the Bhagat Family, all of whom acquired a significant holding in bank shares. On 4 July 1939, the bank commenced the operations, and it was declared as the first semi-state-owned bank of with participation in capital by State and the public under the control of State Government. The bank had achieved the status of a scheduled bank In the year 1971 and was recognized as an "A" Class bank by the Reserve Bank of India in 1976. The bank had to face severe difficulties during independence time as out of its ten branches two branches of Muzaffarabad, Rawalakot, and Mirpur fell to the other side of the line of control (now Pakistan administered Kashmir) along with cash and other assets. As per the regulations of Indian Companies Act 1956, the bank was declared as a government company following the extension of Central laws to the state of Jammu & Kashmir.