J&K Bank gains on fund raising plan
Jammu & Kashmir Bank (J&K Bank) rose 2.26% to Rs 29.35 after the bank said its board will meet on Friday, 4 June 2021, to consider the proposal of capital infusion in the bank.
The capital infusion would be made by the Government of Jammu & Kashmir as its promoter shareholder to the extent of Rs 500 crore.
The Government of Jammu & Kashmir is the promoter shareholder of the bank. It held 68.18% stake in the bank as on 31 March 2021.
J&K Bank offers banking services under the three major divisions as support services, depository services and third party services.
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First Published: Jun 01 2021 | 9:17 AM IST