J&K Bank records 59.4 million transactions worth ₹8,393 crore in 4 days

March 20, 2026

J&K Bank: recorded approximately 59.4 million transactions worth ₹8,393 crore in four days during Eid. This increase in banking activity reflects increased financial transactions during the festival.

Complaints of slowdown in Eid business
Although banking figures remained strong, market representatives in Srinagar and other major trading centers reported relatively slow Eid business this year. According to traders, shopping this year was not as brisk as before.

Impact of Reduced Spending and Economic Uncertainty
Traders reported that while there was a rush in the market, the volume of purchases was low. This is attributed to weak consumer spending, cautious shopping behavior, and economic uncertainty.