Jammu and Kashmir Bank Limited (J&K Bank) has unveiled its Q1 FY25 financial results, showcasing a remarkable profit surge that has taken analysts by surprise. The bank’s performance for the April-June quarter of the current financial year highlights a striking 27% increase in profit after tax (PAT), climbing to ₹415.49 crore from ₹326.45 crore in […]
In a remarkable financial performance, Jammu and Kashmir Bank Limited (J&K Bank) has announced a 35% increase in its net profit for the third quarter (Q3) of the fiscal year 2024, recording a profit of Rs 421.08 crore. This growth is significant when compared to the Rs 311.59 crore reported in the same period last […]
Jammu and Kashmir Bank Limited (J&K Bank) announced a robust 56.5% Year-on-Year (YoY) profit growth, reaching Rs 381.07 Cr in the September Quarter (Q2) of the current financial year (CFY). This growth is significantly higher compared to the Rs 243.49 Cr reported in the same quarter of the previous year. Additionally, the bank’s half-year (H1) […]
Jammu and Kashmir Bank Ltd. said that the Reserve Bank of India has approved the government of Ladakh’s previously announced acquisition of an 8.23% stake in the bank. In January 2021, the board of Jammu and Kashmir Bank had approved the transfer of the bank’s 4,58,29,445 equity shares to the Union Territory of Ladakh at […]
Jammu & Kashmir Bank Ltd. (J&K Bank) said that the Reserve Bank of India (RBI) has imposed a fine of INR 1 crore on it owing to a contravention of directions contained in circulars on ‘Lending to Non Banking Financial Companies (NBFCs) and Bank Finance to Non-Banking Financial Companies (NBFCs)’. The Reserve Bank of India […]