J&K Bank board plans to raise funds on June 28


The Board of Directors of Jammu & Kashmir Bank (J&K Bank) is due to meet on June 28, 2022 to consider the raising of capital (Tier I/Tier II) in the financial year 2022-23.

J&K Bank, based in Srinagar, is a regular commercial bank. It operates as a leading bank in the union territories of Jammu and Kashmir and Ladakh. The state government of Jammu and Kashmir owns 70.12% of the bank.

J&K Bank’s net profit fell by 64.47% to Rs 112.20 crore on a 4.81% increase in total revenue to Rs 2,209.40 crore in Q4 March 2022 compared to Q4 March 2021.

Shares of J&K Bank rose 1.43% to Rs 24.90 on BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Fri 24 Jun 2022. 08:56 IST


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