BANKING & FINANCE
Banking Affairs
J&K Bank Inks Co-Lending Pacts to Boost Retail Loan Growth
Jammu & Kashmir Bank (J&K Bank) has entered into strategic partnerships with Home First Finance and IIFL Finance to enhance its retail credit footprint.
The agreement with Home First Finance focuses specifically on providing home loans, while the tie-up with IIFL Finance targets the gold loan segment.
A primary objective of these MoUs is to help J&K Bank expand its lending operations beyond the Jammu and Kashmir Union Territory into broader Indian markets.
This move utilizes the co-lending model, where banks provide the capital base and NBFCs leverage their last-mile delivery mechanisms.
The agreement with Home First Finance focuses specifically on providing home loans, while the tie-up with IIFL Finance targets the gold loan segment.
A primary objective of these MoUs is to help J&K Bank expand its lending operations beyond the Jammu and Kashmir Union Territory into broader Indian markets.
This move utilizes the co-lending model, where banks provide the capital base and NBFCs leverage their last-mile delivery mechanisms.
Key Facts / Static GK
J&K Bank Founded: 1938
J&K Bank HQ: Srinagar, J&K
J&K Bank MD & CEO: Amitava Chatterjee
J&K Bank Tagline: Serving to Empower
J&K Bank HQ: Srinagar, J&K
J&K Bank MD & CEO: Amitava Chatterjee
J&K Bank Tagline: Serving to Empower
Practice Quiz — 11 March 2026
Q1. Who has been appointed as the 30th Governor of Himachal Pradesh?
Answer: (C) Kavinder Gupta — Kavinder Gupta was sworn in as the 30th Governor of Himachal Pradesh, replacing Shiv Pratap Shukla.
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Answer: (C) Mojtaba Khamenei — Mojtaba Khamenei was appointed as the third Supreme Leader of Iran in March 2026.
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Answer: (C) Central assistance for the project is ₹3.59 lakh crore. — The Union Cabinet extended JJM to December 2028 with a total outlay of ₹8.69 lakh crore and central assistance of ₹3.59 lakh crore.
Q5. Which airport was recently granted International status by the Union Cabinet in March 2026?
Answer: (B) Madurai Airport — The Union Cabinet approved the declaration of Madurai Airport as an International Airport.
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