Ambition to double the business level to double even before three years, says Chatterjee
The net interest income (NII) for the quarter under review stood at Rs 1,509 crore, up 17 per cent, as compared to Rs 1,280 crore a year ago
Jammu & Kashmir Bank on Monday reported a 26.2 per cent rise in net profit to Rs 531 crore for the October-December quarter of FY2024-25 compared to Rs 421.08 crore in the year-ago period. A bank spokesman said that the financial institution is well on course to meet the annual profitability target. "The Bank's net profit for the first nine months of the current financial year has jumped 32.7 per cent YoY to Rs 1,497.92 crore compared to Rs 1,128.60 crore recorded for the same period last year, reflecting its sustained growth trajectory," he added. Speaking about the bank's focus going forward, MD & CEO Amitava Chatterjee said the objective remains to scale up the growth. "As we are in the final quarter of the current fiscal, our objective remains to scale up growth while delivering superior value to stakeholders through quality customer engagement and enhanced operational efficiency. "We plan to strengthen our focus on priority sector lending, particularly agriculture and ...
Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI's approval) i.e. December 24, 2024 at 3:14 PM, Sebi's letter posted by J&K Bank on stock exchanges on Tuesday said. "The event relating to appointment of MD & CEO is considered significant because of the surge in price as well as volume movement of the bank's scrip, traded on the platform of the stock exchanges, between the date of occurrence of the event i.e. December 24, 2024 and the next trading day i.e. December 26, 2024," the letter said. The bank had made a disclosure on December 25, 2024 (trading holiday) regarding appointment of Amitava Chatterjee as Managing Director and Chief Executive Officer for a period of ..
Amitava Chatterjee is presently deputy managing director at State bank of India (SBI) and has also served as MD & CEO of SBICAPS
Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29