J&K Bank board to mull fund raising on June 28

The board of Jammu & Kashmir Bank (J&K Bank) is scheduled to meet on 28 June 2022 to consider the raising of capital (Tier I/Tier II) during the financial year 2022-23.

Srinagar-based J&K Bank is a scheduled commercial bank. It functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh. The State Government of Jammu and Kashmir holds 70.12% in the bank.

J&K Bank's net profit fell 64.47% to Rs 112.20 crore on 4.81% rise in total income to Rs 2,209.40 crore in Q4 March 2022 over Q4 March 2021.

Shares of J&K Bank rose 1.43% at Rs 24.90 on the BSE.

 

Powered by Capital Market - Live News