Jammu and Kashmir Bank to raise Tier I capital up to Rs 1000 crore

On private placement basis

Jammu and Kashmir Bank announced that the Share Issue Committee of the Board of Directors ('Committee') at its Meeting held on 14 June 2018 considered and approved the allotment of 10000 non-convertible, redeemable, unsecured, Basel III Compliant, Tier 1 Bonds in the nature of debentures for augmenting Tier 1 capital at par aggregating upto Rs 1000 crore by way of private placement.

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