In a record-setting financial performance, Jammu and Kashmir Bank Limited (J&K Bank) announced a net profit of Rs1767 Crore for the fiscal year 2023-24, marking a remarkable 48% increase over the previous year’s Rs1197 Crore. The audited financial results, approved by the bank’s Board of Directors, include a final dividend recommendation of Rs2.15 per share. […]
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) […]
EbixCash said that it has appointed the entire network of Jammu & Kashmir Bank (J&K Bank) as a sub-agent to enable international remittance services for its Ria Money transfer business. The agreement will facilitate the services across J&K Bank’s 1,000 branches starting from 15 August 2022. Syed Rais Maqbool — J&K Bank General Manager said: […]
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 […]