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 […]
JAMMU — The Jammu and Kashmir government and the National Stock Exchange on Monday signed an agreement to create awareness among local businesses about the benefits of formal listing, an official spokesperson said. The memorandum of understanding (MoU) was signed between the Department of Industries and Commerce, and the NSE in the presence of Chief […]
JAMMU — Jammu and Kashmir has registered over 17.20 lakh unclaimed accounts with an outstanding amount of Rs 465.79 crore, prompting the Reserve Bank of India (RBI) to encourage banks to actively contact rightful claimants of these deposits for the return of funds in a time-bound manner. RBI Regional Director Chandra Shekhar Azad said Jammu […]
SRINAGAR, Raouf Dar (KIMS) — The Kashmir Chamber of Commerce & Industry (KCC&I) on Thursday welcomed the Union Cabinet’s approval of the Export Promotion Mission (EPM), calling it as a timely intervention for Jammu and Kashmir’s export sectors. KCC&I said the mission will boost export competitiveness, particularly for MSMEs, first-time exporters and labour-intensive sectors such […]
SRINAGAR (KIMS) — A delegation of the Executive Committee of the Kashmir Chamber of Commerce and Industry (KCCI), led by its President Javid Ahmad Tenga, met Lieutenant Governor Manoj Sinha at Raj Bhawan for an introductory interaction with the newly elected office bearers and executive committee members. The Lieutenant Governor congratulated the new team and […]
SRINAGAR — Maruti Suzuki India Limited (MSIL) has become the country’s first automobile manufacturer to transport vehicles to Jammu and Kashmir by train. The first consignment of 116 vehicles—including Brezza, Dzire, WagonR, and S-Presso—was dispatched from the company’s Manesar plant and reached the Anantnag Railway Terminal in South Kashmir on Friday. The automobile carrier train […]
SRINAGAR — Jammu and Kashmir Bank, which crossed the Rs 2,000-crore profit mark in fiscal year 2024-25, aims to cross the Rs 5,000 crore profit milestone by 2030, its Managing Director and CEO Amitava Chatterjee has said. Chatterjee emphasized on the need for the bank to focus more on supporting the agriculture sector, while expanding […]
SRINAGAR — The terror attack on tourists in Pahalgam that killed 26 people might affect the local economy but it will not have much impact on Jammu and Kashmir Bank as the lender’s exposure to the tourism industry is around one per cent of the total portfolio, MD & CEO of the bank Amitava Chatterjee […]
SRINAGAR — Jammu & Kashmir Bank on Monday reported over 8 per cent decline in net profit to Rs 584.54 crore for the January-March quarter of 2024-25 compared to Rs 638.67 crore in the year-ago period. On a sequential basis, net profit rose by 10 per cent compared to Rs 531.51 crore in the previous […]
