Kolkata or Calcutta is a 350-year-old metropolis which is not only the capital of the Indian state of West Bengal but was also the erstwhile capital city of India. Kolkata is located on the bank of the Hooghly River, and the city is undoubtedly the principal cultural, educational and commercial center of East India. The Port of Kolkata on the Hooghly River is the oldest operating river port in India. The British East India Company had primarily developed the city after a long era of the Nawabi Rule. The native Bengali inhabitants of the city consider Kolkata to be India?s intellectual, artistic and cultural capital. Often called the "City of Joy," this friendly city and its friendlier people are extremely passionate about their culture and heritage, Tagore, politics and literature. Kolkata experiences a hot and sultry summer and a moderately cold winter. The city celebrates almost every Indian festival and gets especially decked up in autumn during the Durga Puja. A typical street in Kolkata consists of distinctively close-knit neighborhoods, freestyle intellectual exchanges, old yellow ambassador taxis, street food joints and sweet shops. North Kolkata hosts the older neighborhoods with huge old-fashioned houses and narrow streets, whereas South Kolkata is home to the posh and upscale Bengalis. Central Kolkata has the central business district; East Kolkata is the new and upcoming area of the city that is randomly developing.
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.