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. […]
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 […]
JAMMU — The Economic Offences Wing (EOW) of the Crime Branch, on Monday, filed a chargesheet against a Budgam resident for allegedly cheating job aspirants by issuing forged appointment orders of J&K Bank in a fake recruitment scam, officials said. The chargesheet was presented before the court of the Special Mobile Magistrate Jammu against Ghulam […]
SRINAGAR (KIMS) — J&K Bank on Thursday signed a strategic Memorandum of Understanding (MoU) with the Directorate of Census Operations, Jammu and Kashmir and Ladakh, to collaborate on media, publicity and public awareness activities for the Population Enumeration phase of Census 2027. According to a statement issued by the Bank, the partnership is the first […]
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 […]
SRINAGAR — In a significant step aimed at expanding pension-related services and improving accessibility for pensioners across Jammu & Kashmir, J&K Bank and Department of Pension & Pensioners’ Welfare (Government of India) today launched a collaborative initiative on the sidelines of the 59th Pre-Retirement Counselling (PRC) Workshop and 13th Bankers’ Awareness Programme held here at […]
SRINAGAR — The government of Jammu and Kashmir on Tuesday signed an agreement with J&K Bank to extend banking, insurance and credit-related benefits to daily-rated workers, contractual employees and other casual workers. The Memorandum of Understanding (MoU), aimed at bringing contractual employees, casual workers and daily-rated workers under a structured framework of banking convenience and […]