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The Jammu & Kashmir government will infuse up to Rs 500 crore more as equity into Jammu and Kashmir Bank (J&K Bank) as its promoter shareholder.
Rating agency India Ratings (Ind-Ra) said J&K Bank will need substantial equity infusion in the first half of this financial year to maintain adequate capital buffers amid high credit costs, until March 2023. The bank’s common equity tier 1 (CET1) ratio marginally improved to 8.56 per cent in December 2020 as against a minimum CET1 requirement of 7.38 per cent.
The capital adequacy improved on equity infusion of Rs 500 crore by
