SRINAGAR — Jammu and Kashmir Managing Director and CEO Amitava Chatterjee on Thursday defended the surcharge on UPI transactions above Rs 2,000, saying it was necessary for maintaining the fledgling system. Chatterjee said it is a misconception that someone is trying to earn from the UPI transaction surcharge. “You can understand the magnitude of the […]
SRINAGAR — Jammu and Kashmir Bank on Thursday reported a 10.6 per cent rise in net profit to Rs 546.36 crore for the second quarter ended September 30, driven by earnings growth and improvement in asset quality. The bank earned Rs 494.11 crore net profit in the year-ago period. Sequentially, its profits surged 28.8 per […]
PULWAMA — The Jammu and Kashmir Fruits & Vegetables Processing and Integrated Cold Chain Association (JKPICCA) has sought sector-specific banking reforms from Jammu and Kashmir Bank to support the horticulture and cold-chain industry, besides proposing ₹5 crore in Corporate Social Responsibility (CSR) assistance for the beautification and environmental development of SIDCO Industrial Growth Centre, Lassipora. […]
PULWAMA — Amid the ongoing peak apple harvesting season in Kashmir, cold storage operators have clarified that no preferential treatment is being given to large fruit merchants and that every grower and customer is being treated equally, subject to established procedures and availability of storage space. Responding to concerns raised by some growers regarding alleged […]
PULWAMA — The Income Tax Department, Udhampur, on Wednesday organised an Income Tax Awareness Programme at the Industrial Growth Centre, Lassipora, Pulwama, with the aim of creating greater awareness among taxpayers, industrialists, business owners and other stakeholders about income tax provisions and compliance requirements. The programme was held at the Conference Hall of the Industrial […]
SRINAGAR — Jammu and Kashmir is reaping the dividends of peace with strong indicators suggesting that the Union Territory’s economy is getting back on track after multiple setbacks, including Pahalgam terror attack, said Jammu and Kashmir Bank Managing Director and Chief Executive Officer Amitava Chatterjee. In an exclusive interview with PTI, Chatterjee said while traffic […]
SRINAGAR — Jammu and Kashmir Bank on Wednesday reported an 11.5 per cent decline in net profit at ₹428.80 crore in the first quarter of the current fiscal. The private sector lender had a consolidated net profit of ₹484.53 crore in the April-June quarter of FY26. Total income of the bank rose to ₹3,765 crore […]
SRINAGAR — The Jammu and Kashmir Bank on Thursday said its total business has crossed the Rs 3 trillion mark in the first quarter of this fiscal, driven by over 16 per cent growth in deposits and more than 25 per cent growth in gross advances. The Bank has registered total business of Rs 3.04 […]
NEW YORK — Lawyers for Gautam Adani on Wednesday urged a U.S. judge to formally dismiss criminal charges against the Indian billionaire, after the Justice Department said last month it would no longer pursue the prosecution. Adani was charged in 2024 with agreeing to bribe Indian government officials so a subsidiary of his Adani Group […]
BANGALORE — Indian fintech firm CRED’s founder Kunal Shah will become Meta-owned WhatsApp’s new leader, the messaging app’s current head Will Cathcart said on Monday in a post on X. The announcement comes after CRED announced it will raise about $900 million from Meta. — (Reuters)