J&K Bank ends higher after board OKs Rs 1,000-cr bond issue

Jammu & Kashmir (J&K) Bank added 1.59% to Rs 35.10 after the bank's board approved raising of BASEL-III compliant Tier-II capital upto Rs 1,000 crore via bond issue.

The bonds would be non-convertible, redeemable and unsecured, and would be issued on a private placement basis.

Jammu and Kashmir Bank (J&K Bank) is a scheduled commercial bank and one of the oldest private sector Bank in India, incorporated in 1938.

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