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 […]
India’s state-owned Oil and Natural Gas Corporation (ONGC) has announced the first-ever geothermal field development project in India at Ladakh for producing power from the Puga and Chumathang geothermal fields. In this connection, the oil and gas major, through its subsidiary ONGC Energy Centre (OEC), has signed a Memorandum of Understanding (MoU) with the Union […]