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 […]
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 […]
SRINAGAR [Farhan Kitab] (KIMS) — The Shah Re Khass Traders and Chambers extend a warm welcome to Mr. Amitava Chatterjee as the newly appointed CEO and Chairman of Jammu and Kashmir Bank Ltd. As a key figure in the banking industry, we hold high hopes and expectations that your expertise and strategic vision will drive […]
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 — The Jammu and Kashmir Bank on Friday launched virtual ATM facility (vATM) with an aim to leverage technology for financial empowerment of people, especially in rural areas. Committed to enhancing digital convenience for its customers, J&K Bank has launched a vATM — a cutting-edge technology platform — in collaboration with Paymart India Pvt […]
SRINAGAR — In a major relief to bereaved families, J&K Bank has facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for its deceased borrowers from various branches in the Budgam Zone. The claims, amounting to Rs 3.13 crore, have been paid to almost 40 families, alleviating their financial burdens during a […]
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 — 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 […]