Page 4 - Jammu & Kashmir Bank

Jammu and Kashmir Bank appoints Rajni Saraf as new chief financial officer

Jammu and Kashmir Bank Saturday appointed Rajni Saraf as its chief financial officer as part of its succession planning. As part of its succession planning, J&K Bank today announced the appointment of Rajni Saraf as the chief financial officer (CFO) of the bank, a spokesman of the bank said. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Bank has appointed Mrs. Rajni Saraf as chief financial officer of the bank, the spokesman said. He said Saraf has an experience of more than three decades in the banking industry. She currently heads the Supervision and Control Division of the bank and will now oversee its financial operations that include investments, capital structure, income and expenses of the bank, the spokesman said.

Jammu & Kashmir Bank reports 58% fall in Q1 net profit at Rs 21.8 crore

State-run Jammu & Kashmir Bank on Saturday reported a 58 per cent fall in its net profit to Rs 21.87 crore in the first quarter of 2019-20 due to a rise in provisions for bad loans. The bank had posted a net profit of Rs 52.59 crore in the April-June quarter of the previous fiscal. Total income during the first quarter of 2019-20 rose to Rs 2,256.25 crore from Rs 1,897.24 crore in the same period of 2018-19, the bank said in a release. On asset front, gross non performing assets fell to 8.48 per cent of gross advances as on June 2019, as against 9.83 per cent by June end 2018. Net NPAs also came down to Rs 4.36 per cent from 4.46 per cent a year ago. However, the provisioning for bad loans and contingencies moved up to Rs 293.21 crore in the June quarter from Rs 255.01 crore in the same quarter of previous fiscal.

Jammu & Kashmir Bank surges 10% on improved asset quality in Q1

So far in 2017, the stock outperformed the market by surging 54% against 21% rise in Sensex

Jammu & Kashmir Bank rebounds over 10% from intra-day lows

The stock moved higher by 5% to Rs 63.80, bouncing back 12% from intra-day low of Rs 57.15 on the BSE.

Jammu & Kashmir Bank hits 52-week low

In past one-month, the stock was down 15%, against 8% decline in Sensex and 7% fall in the banking index Bankex

J&K Bank Q1 profit down 86% at Rs 23 crore

Shares of the bank were down 5.24% at Rs 69.60 in the pre-close session on BSE