Jammu & Kashmir Bank

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No direct impact on bank due to dip in tourist numbers: Amitava Chatterjee

Neither a single branch was closed, nor was there any business disruption since April 22

Jammu & Kashmir Bank Q4 results: Net profit drops 8% to ₹584.54 crore

Jammu & Kashmir Bank on Monday reported over 8 per cent decline in net profit to Rs 584.54 crore for the January-March quarter of 2024-25 compared to Rs 638.67 crore in the year-ago period. On a sequential basis, net profit rose by 10 per cent compared to Rs 531.51 crore in the previous December quarter of FY 2024-25, according to an exchange filing by the bank. Total income of the bank rose by 15 per cent to Rs 3,616.16 crore in the fourth quarter of the last fiscal compared to Rs 3,134.74 crore in the same quarter of the previous year. The bank reported a total income of Rs 3,448.40 crore in the December quarter. Total expenses rose to Rs 2,816.14 crore in the March quarter from Rs 2,470.91 crore in the year-ago period due to high employee expenses. For the full 2024-25 fiscal, the bank reported a nearly 18 per cent rise in net profit to Rs 2,082.46 crore compared to Rs 1,767.27 crore reported for FY 2023-24. "The bank again for the third year in succession has posted very good

Portfolio check: Investors dump this bank stock amid Pahalgam terror attack

Pahalgam Terror Attack: J&K Bank shares declined 8.6 per cent on the BSE on Wednesday, April 23, after terrorists killed tourists at Pahalgam in Kashmir on Tuesday

RBI fines J&K Bank, BoI, Canara Bank for gaps in regulatory compliance

The Reserve Bank on Friday said it has penalised Jammu and Kashmir Bank, Bank of India, and Canara Bank for deficiencies in regulatory compliance. Jammu and Kashmir Bank has been penalised Rs 3.31 crore for contravention of certain norms related to financial inclusion - access to banking Services - Basic Savings Bank Deposit Account (BSBDA)', Know Your Customer' and Loans and Advances - Statutory and Other Restrictions'. In another release, the RBI said Rs 1 crore penalty has been imposed on the Bank of India for non-compliance with certain provisions of the Banking Regulation Act, 1949. A penalty of Rs 1.63 crore has been imposed on public sector Canara Bank for non-compliance with certain directions on priority sector lending, the interest rate on deposits and financial inclusion - access to banking services - BSBDA', the RBI said. Also, a penalty of Rs 1 lakh has been imposed on Datson Exports, West Bengal for non-compliance with certain directions issued by the RBI on Managing

Aim to double biz within 3 years: J&K Bank MD & CEO Amitava Chatterjee

Ambition to double the business level to double even before three years, says Chatterjee

J&K Bank shares slip after posting Q3 results; What's worrying investors?

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

J&K Bank shares jump 7% after Amitava Chatterjee appointed as MD & CEO

Amitava Chatterjee is presently deputy managing director at State bank of India (SBI) and has also served as MD & CEO of SBICAPS

Amitava Chatterjee appointed new managing director, CEO of J-K Bank

Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29

Jammu and Kashmir's economic landscape: Of progress and challenges

But the region spends a considerably higher amount on generating assets relative to its economic size compared to the average seen in other states

Allocated Rs 633 cr for ECL provisions: Jammu & Kashmir Bank MD & CEO

This journey over the past two and a half years has been remarkably engaging and incredibly interesting for me, Baldev Prakash, Jammu & Kashmir Bank, MD & CEO

NCLT allows insolvency against Himalayan Mineral Water on J-K Bank's plea

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank's plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm's Corporate Insolvency Resolution Process (CIRP). "We are satisfied that the Applicant/Financial Creditor (J&K Bank) has proved the debt and the default, which is more than the threshold limit... the application u/s 7 is found to be fit for initiation of the CIRP against the Corporate Debtor (Himalayan Mineral Waters," said a two-member bench in the order passed last Monday. Jammu & Kashmir Bank had claimed a default of Rs 50 crore against Himalayan Mineral Waters, engaged in the business of manufacturing of beverages, being the corporate guarantor for the credit facilities availed by the Leel Electricals. LeeL ...

JK Bank Q4 Results: Bank reports highest-ever annual profit of Rs 1,767 cr

Jammu and Kashmir Bank on Saturday reported its highest-ever annual profit at Rs 1,767 crore for 2023-24. Its Managing Director and CEO Baldev Prakash said the net profit surged 48 per cent compared to the previous fiscal. "Beating its own highest-ever record of profits achieved only last year, the net profit surged in fiscal 2023-24 by 48 per cent to achieve its record profit figure of Rs 1,767 crore," Prakash told PTI after the bank's annual results for FY 2023-24 were released bank here. He said the bank will be sharing the historic profits with its shareholders by making the highest dividend payment of around Rs 236.75 crore this year. The bank witnessed a 10 per cent increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore. It had posted a profit of Rs 1,197 crore last fiscal, which was the highest profit till last year. Prakash said the bank's asset quality has improved by bringing the gross non-performing assets to a decadal low of 4.08 per cent, while the

J&K Bank Q3 net profit jumps 35% to Rs 421 crore as bad loans decline

J&K Bank on Saturday reported a 35 per cent rise in net profit to Rs 421 crore in the third quarter ended on December 2023 on the back of a decline in bad loans and improvement in core income. The bank had earned a net profit of Rs 311 crore in the October-December quarter of 2022. The total income of the bank increased to Rs 3,063 crore in the quarter as compared to Rs 2,682 crore in the December quarter of the previous fiscal, J&K Bank said in a regulatory filing. The bank's interest income rose during the third quarter of the current fiscal to Rs 2,881 crore, as against Rs 2,441 crore in the same period last fiscal. The gross non-performing asset (NPA) ratio improved to 4.84 per cent as of December 31, 2023, as against 7.25 per cent as of December 31, 2022. Similarly, the net NPA also declined to 0.63 per cent as compared to 2.08 per cent at the end of December 2022. Provision coverage ratio as of December 31, 2023, is 91.61 per cent without taking into account the floating

J&K Bank Q2FY24 result: Net profit jumps 56% to Rs 381 cr; GNPA down 25%

The net NPA for Q2FY24 came in at Rs 917.36 crore, as compared to Rs 1,566.77 crore year-on-year

PNB, RBL, Jammu & Kashmir Bank reports robust growth in advances for Q2

PNB saw a rise in advances to Rs 1,308,719 crore, marking a 9.70 per cent increase from Rs 1,193,501 crore in the second quarter of FY24 compared to the same period in FY23

J&K Bank Q1 results: Net profit jumps 96%, gross NPA ratio down to 5.77%

Gross NPAs for Q1FY24 stood at Rs 5103.68 crore, as compared to Rs 6982.02 crore in the corresponding period of the previous year

CRPF conducts sanitisation operation around Jammu camp of Amarnath Yatra

The CRPF is carrying out an anti-sabotage and sanitisation operation in and around the Bhagwati Nagar Amarnath Yatra base camp here to ensure the safety and security of the pilgrims camping there due to inclement weather, officials said. Assisted by sniffer dogs, metal detectors and surveillance equipment, the CPRF units conducted an extensive sanitisation exercise in the parking area and the roads leading to the base camp, the officials said. The yatra from the camp has been suspended for the second day on Sunday due to heavy rains and about 5,000-6,000 pilgrims are waiting there, they said. According to the officials, fresh batches of pilgrims were not allowed to leave Jammu due to the closure of the Srinagar-Jammu National Highway. More than 80,000 pilgrims have paid obeisance at the cave shrine in the south Kashmir Himalayas since the beginning of the yatra on July 1. The 62-day annual pilgrimage to the 3,888-metre-high shrine commenced on July 1 and is scheduled to conclude o

J&K Bank launches mobile branches to offer services in Ladakh's remote area

Jammu and Kashmir Bank on Monday launched two mobile branches in Ladakh to offer banking services in remote areas of the Union Territory. "J&K bank today dedicated two mobile branches -- 'J&K Bank on Wheels' -- for public in Ladakh that will extend banking services to the people of various remote and unbanked areas of the UT," a spokesman of the bank said. He said Ladakh Lieutenant Governor B D Mishra inaugurated the two mobile branches at the iconic Leh Gate in the presence of J&K Bank MD and CEO Baldev Prakash. Mishra said: "I am immensely pleased today to have launched J&K Bank's mobile banking branches -- a new and unique service -- for the people living in remote and unbanked areas. There cannot be a better service than this to ensure that those who cannot travel to branches, because of distance and difficulties, enjoy all the types of banking facilities right at their doorsteps conveniently through these mobile branches." Prakash said in view of the limited ...

Villagers near LoC in J-K ecstatic as Indo-Pak ceasefire enters third year

Mohammad Yousuf Kohli is constructing a new house for his family of six in a forward village near the Line of Control (LoC) in Jammu and Kashmir's Rajouri district, a dream which he says is fulfilled only because of the ceasefire between India and Pakistan that entered its third year last month. The border villagers are enjoying peace along the borders by going for normal activities like tending their land and grazing their cattle without the fear of cross-border shelling. The villagers said they are praying for continuation of the agreement so that the schooling of their children is not affected and benefits of developmental activities reach the last village on the border. On February 25, 2021, India and Pakistan announced implementation of renewed ceasefire along the borders in Jammu and Kashmir, which came as a major relief to the people living along the LoC and the International Border. India and Pakistan had initially signed a ceasefire agreement in 2003, but Pakistan frequentl