Jammu & Kashmir Bank rose 2.51% to Rs 18.35 after the bank said its board will consider fund raising in the meeting scheduled on 28 August 2020.
In the proposed meeting on 28 August 2020, the board of directors of the J&K Bank will consider the raising Tier I/Tier II capital to the tune of Rs 4500 crore during the Financial Year 2020-2021. The announcement was made post trading hours yesterday, 25 August 2020.J&K Bank reported a net loss of Rs 294.10 crore in Q4 March 2020 compared with net profit of Rs 214.80 crore in Q4 March 2019. Total income in the fourth quarter fell 7.9% to Rs 2,277 crore from Rs 2,473.47 crore in the same period last year.
J&K Bank offers banking services under the three major divisions as support services, depository services and third-party services.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app