The Jammu & Kashmir Bank Limited
Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers‚Äô Committee (SLBC/UTLBC) meetings.The Bank continued to discharge its lead…
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Jammu and Kashmir Bank's Board has announced its 88th Annual General Meeting (AGM) for September 22. The meeting will take place in Srinagar.
J&K Bank reports Q1 net profit of Rs 424 Cr. Total business crossed Rs 303923 Cr with advances up 25% and deposits up 17% YoY. Asset quality improved, with GNPA at 2.37% and NNPA at 0.60%. CRAR is strong at 16.67%.
J&K Bank reminds shareholders to claim unclaimed dividends and update KYC details. Unclaimed dividends will be transferred to the Investor Education and Protection Fund (IEPF) after a period. Ensure your details are current.
Jammu and Kashmir Bank plans to divest 0.50% stake in PNB MetLife for ₹120.10 Cr to MetLife International Holdings. This transaction, reducing its holding to 2.534%, aims to streamline the bank's investments.
J&K Bank provisional figures show robust YoY growth: Total Business up 20.36% to 3,03,996 Cr. Gross Advances surged 25.51% to 1,30,576 Cr. Deposits rose 16.75%, while the CASA ratio saw a 363 bps decline.