Krishnan, currently an independent director on the board of Srinagar-headquartered bank, served as MD & CEO of state-owned Punjab & Sind Bank.
Equitas Small Finance Bank's asset quality worsened, with overall net slippage rising from 2.38% in Q1 FY25 to 4.35% in Q1 FY26.
Q4 Results: Jammu & Kashmir Bank's net profit dropped 8% to Rs Rs 585 crore. CAMS saw its profit margin shrink to 30.9 percent during the March quarter.
J&K Bank shares fell 9% on April 23; SpiceJet, Lemon Tree Hotels stocks also faced most of the selling pressure
The MoU inked with Jammu & Kashmir Bank would empower over 4,000 Maruti Suzuki sales outlets across the country
The bank’s interest income rose during the third quarter of the current fiscal to Rs 2,881 crore, as against Rs 2,441 crore in the same period last fiscal.
J&K Bank shares surge after lender launched Rs 750 crore QIP. The board has set the floor price for the issue at Rs 112.66 per share.
According to reports, the premises of a former bank chairperson were among the six places searched by the ED's Srinagar office
J&K Bank reported a 12.03 percent year-on-year growth in total business at Rs 2.18 lakh crore for Q2FY24.
J&K Bank has given a return of 25.55 percent over the last six months.
According to the MoU, the Ladakh UT Administration would nominate J&K Bank as "preferred banker" for all its banking-related services.
The total value of the attached properties is Rs 20.39 crore, it said. The money laundering case stems from a Goa Police FIR that was filed against the accused for allegedly "duping" investors to the tune of about Rs 10 crore by promising them villas in the 'Banjara Hills project' that was to be developed by the Sanskar Group in Anjuna, Goa, it said.
Incriminating documents, articles and electronic evidences, several bank account details and bank locker keys have been recovered during searches, CBI Spokesperson RC Joshi said.
The National Conference leader arrived at the federal probe agency’s headquarters this morning where his statement in being recorded, officials said.
In August, the lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 per cent) of the bank during 2021-22.
The fundraise will be via debt and equity.
Under the takeover regulations, if the promoter acquires more than 5% in a fiscal year, it triggers an open offer.
In a regulatory filing the public sector lender said its board will meet next week to consider the said proposal.