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Advance Salary Loan from Jammu & Kashmir Bank in Nashik

Nashik, in Maharashtra, is known for its grapes which have earned this city the title of the "wine capital of India." Around 200 kilometers north of Mumbai, Nashik is an ancient city which stands on the banks of the Godavari. It is the 4th largest city in Maharashtra. Its expansive surroundings, the popular tourism and a soothing climate altogether make it a unique place. With thousands of Indians visiting the Trimbakeshwar Temple at Nashik, this city has become a popular pilgrimage for devotees. Nashik is regarded as one of the holiest Hindu cities as it has more than a hundred ancient temples such as the Shiva Temple and the Kalaram Temple. Anjaneri, the birthplace of Lord Hanuman, is also situated near Nashik. The famous Kumbh Mela is held at Nashik. Mythologically, Nashik is believed to be the location where Laxman, upon Lord Ramas advice, cut the nose of Ravanas sister Shurpanakha. Thus the city was named "Nashik," derived from the Sanskrit word "Nashika" which means nose. The economy of Nashik is mainly driven by agriculture, grape production in particular. Several industries have also come up in the area. Hindustan Aeronautics Limiteds aircraft manufacturing plant has made the city a defense and aerospace manufacturing hub. The Currency Note Press, where the Indian currency notes are printed, and the India Security Press, where Indian government stamps are printed, are among the other important units at Nashik. Thus, Nashik is one of those cities that have witnessed drastic economic progress in the last decade.

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Low interest rate Premium Bike Loan in Nashik, 05 April 2020 from Jammu & Kashmir Bank

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.

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