JAMMU — The Jammu and Kashmir government on Thursday clarified that the State Cooperative Agriculture and Rural Development (SCARD) Bank Ltd has not been declared bankrupt, but liquidation proceedings have been initiated in accordance with law due to prolonged financial and operational distress. Replying to questions by legislators Dr Rajeev Kumar Bhagat, Vikram Randhawa, Surjeet […]
JAMMU — Jammu and Kashmir’s total debt in 2024–25 is estimated at Rs 1,37,067 crore about 48 per cent of the Union Territory’s gross state domestic product (GSDP), which has expanded to Rs 2,88,422 crore Chief Minister Omar Abdullah informed the Assembly on Wednesday. Defending the government’s fiscal management, Abdullah said the rise in GSDP […]
JAMMU — Jammu and Kashmir recorded a steady rise in GST collections over the past three financial years, with total revenue amounting Rs 24,080.79 crore, reflecting improved compliance and a widening tax base, the Union Territory government informed the Assembly on Tuesday. Replying to a written question by National Conference MLA Pirzada Farooq Ahmed, Chief […]
JAMMU — Deputy Chief Minister Surinder Kumar Choudhary on Monday said Jammu and Kashmir has attracted private investments worth Rs 14,948 crore in past four years, generating employment for 64,515 people in the industrial sector. Replying to a question by BJP MLA Sunil Bhardwaj in the Legislative Assembly, the Deputy Chief Minister also said said […]
JAMMU — The Union Territory of Jammu and Kashmir’s real Gross State Domestic Product (GSDP) is estimated to grow at 5.82 per cent, according to the Economic Survey Report 2025-26. The report said that Jammu and Kashmir achieved a compound annual growth rate (CAGR) of 4.47 per cent in real GSDP during 2019-20 to 2024-25, […]
JAMMU — Jammu and Kashmir Bank on Tuesday announced robust financial numbers for the October–December quarter of FY26, registering a 10.4 per cent rise in net profit annually and an 18.7 per cent growth sequentially. The bank’s net profit rose to Rs 586.73 crore in the latest third quarter from Rs 531.51 crore recorded in […]
SRINAGAR — Jammu and Kashmir Bank has provided loans to 10,000 youth under the Mission Yuva scheme in the Union Territory with an aim to make them economically self-reliant. In a major step towards promoting entrepreneurship and economic self-reliance among the youth, J&K Bank has achieved a milestone under the J&K government’s flagship Mission Yuva […]
JAMMU — A business delegation from the UK on Wednesday called on Jammu and Kashmir Lt Governor Manoj Sinha and discussed opportunities to strengthen cooperation in the technology and services sector, an official spokesperson said. The delegation was led by Managing Director, RVS iGlobal, Vikrant Gupta. The visitors discussed matters pertaining to Jammu’s growing IT […]
SRINAGAR — Jammu and Kashmir Bank on Thursday said it plans to raise Rs 1,250 crore to strengthen its balance sheet and support its future growth plans. The Board of Directors of Jammu and Kashmir Bank have approved a fundraising proposals to this effect. In a regulatory filing, the Bank said that the capital raise […]
SRINAGAR (KIMS) — A delegation of the Kashmir Chamber of Commerce and Industry (KCC&I) on Thursday met J&K Bank Managing Director and CEO Amitava Chatterjee at the Bank’s Corporate Headquarters in Jammu. The delegation was led by KCCI President Javid Ahmad Tenga and included Executive Committee members Irfan Ahmad Guju, Afaq Sarwar, former President of […]