SRINAGAR — Jammu and Kashmir Bank on Monday reported a 26.2 per cent rise in net profit to Rs 531 crore for the October-December quarter of FY2024-25 compared to Rs 421.08 crore in the year-ago period. A bank spokesman said that the financial institution is well on course to meet the annual profitability target. “The […]
SRINAGAR — Amitava Chatterjee on Monday took over as the Managing Director and Chief Executive Officer of Jammu and Kashmir Bank. Chatterjee took over from Baldev Prakash after the latter’s three-year term came to an end. With an experience of 34 years in the industry, Chatterjee said he would focus on continuing the growth story […]
NEW DELHI — J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently Deputy Managing Director of State Bank of India (SBI), as its new managing director (MD) and CEO. Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29. The Board of Directors in their meeting held on December […]
SRINAGAR — J&K Bank on Saturday reported a 27 percent rise in net profit to Rs 415 crore in the April-June quarter of 2024-25 compared to the year-ago period. The bank had posted a net profit of Rs 326 crore in the April-June period of the previous year. Total income in the first quarter of […]
SRINAGAR — Jammu and Kashmir Administrative Council on Friday approved proposals for the transfer of land for industrial estates in various districts, an official spokesman said. The council met under the chairmanship of Lieutenant Governor Manoj Sinha. A total of 3,188 kanals and 8 marlas of land has been transferred to the Industries and Commerce […]
SRINAGAR — Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday welcomed the Union Budget 2024-25, saying its focus on “productivity and resilience in agriculture will greatly benefit” the Union Territory. Sinha also said the budget “seeks to translate the vision of empowering all sections of the population”. “Focus on productivity and resilience in agriculture […]
JAMMU — The business and industrial community in Jammu & Kashmir described the 2024-25 Budget as “mixed”, praising the government for emphasizing agriculture, MSMEs, startups, and industrial development, which are crucial growth engines for the country. However, they noted that Jammu & Kashmir did not get special attention compared to other states this time. “We […]
SRINAGAR — J&K Bank has been recognized for its outstanding contributions in two critical areas, receiving the ‘Outstanding Performance Award’ for agriculture financing at the 15th Agriculture Leadership Conclave and the ‘Award of Excellence’ for enrolling the maximum number of APY beneficiaries under the ‘Mission Upgrade’ campaign of the Pension Fund Regulatory & Development Authority […]
PULWAMA (KIMS) — A significant meeting convened by the J&K Bank Officers Association Kashmir focused on the challenges confronting the banking sector in Pulwama and Shopian districts. Attended by a substantial number of officers, the session received insights from central-level leadership in Srinagar, delving into the multifaceted issues affecting both the staff and clientele within […]
SRINAGAR — The Centre has ordered an inquiry into the affairs of Kashmir Chamber of Commerce & Industry (KCCI). Officials said that the central government and the director general of corporate affairs (DGCA) have directed the registrar of companies, Srinagar to conduct an inquiry into the affairs of KCCI. A notice signed by Syed Haamid […]