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J&K Bank to consider raising Rs 1600 crore in a meeting next week

The meeting is scheduled for May 15, 2019. It will consider raising capital for FY20.

Press Trust of India  |  New Delhi 

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Friday said its board will meet next week to consider raising Rs 1,600 crore during the current financial year.

"The board of directors shall consider the raising of capital (ATI/tier II) to the tune of Rs 1,600 crore during the financial year 2019-2020 in the meeting scheduled for May 15, 2019," (J&K) said in a filing.

Shares of were trading 4.16 per cent higher at Rs 55.10 apiece on

First Published: Fri, May 10 2019. 12:23 IST