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 […]
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 […]
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 […]
JAMMU — Two men were arrested for allegedly robbing Rs 19.51 lakh from a bank in Jammu and Kashmir’s Kishtwar district, a police officer said on Thursday. Senior Superintendent of Police (Kishtwar) Javaid Iqbal Mir said Rs 14 lakh of the looted money was recovered based on the disclosure of the arrested persons. On February […]
JAMMU — The crime branch of the Jammu and Kashmir Police has arrested five accused, including a former manager of the Jammu and Kashmir Bank, in connection with an alleged multi-crore-rupee loan scam here, the agency said on Tuesday. The case was registered in 2023 on a written complaint from Mohammad Shakeel, the chief manager […]
JAMMU — The Crime Branch of Jammu and Kashmir police on Friday arrested the main accused in a multi-crore loan scam in J&K Bank immediately after his bail application was denied by the court here. The arrested individual, identified as Rohit Taroch, is a former employee of the BC Road branch of the bank in […]
KISHTWAR — Thieves looted over 19 lakh rupees from the J&K Bank branch located in Dachan area of Kishtwar district, officials said on Monday. An official told the news agency Kashmir News Observer that unidentified persons decamped with cash from the J&K Bank branch in Dachan today. He stated that approximately 19 lakh 50 thousand […]