J&K Bank trades in pink of its health on BSE

31 Dec 2014 Evaluate

The Jammu & Kashmir Bank (J&K Bank) is currently trading at Rs. 149.15, up by 0.35 points or 0.24 % from its previous closing of Rs. 148.80 on the BSE.

The scrip opened at Rs. 148.00 and has touched a high and low of Rs. 149.95 and Rs. 148.00 respectively. So far 11939 shares were traded on the counter.

The BSE group 'A' stock of face value Re. 1 has touched a 52 week high of Rs. 199.50 on 16-May-2014 and a 52 week low of Rs. 124.00 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 152.85 and Rs. 146.00 respectively. The current market cap of the company is Rs. 7232.89 crore.

The promoters holding in the company stood at 53.17 % while Institutions and Non-Institutions held 32.95 % and 13.88 % respectively.

Jammu & Kashmir Bank (J&K Bank) has relaxed its ATM transaction charges. The bank in a breather to its customers, has decided to provide 15 free transactions (financial and non-financial) per month for its customers. Beyond that, a charge of Rs 20 (inclusive of taxes per financial transaction and Rs 10 (inclusive of taxes per non-financial transaction shall be levied for use of OWN-bank ATMs at all locations with effect from January 01, 2015. Notably, the Reserve Bank of India (RBI) has allowed the banks to charge card usage for own-bank ATMs to minimum five free transactions per month.

Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. JKB holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.

J&K Bank Share Price

130.05 1.00 (0.77%)
18-May-2024 12:50 View Price Chart
Peers
Company Name CMP
HDFC Bank 1465.40
ICICI Bank 1132.40
Axis Bank 1145.00
Indusind Bank 1416.00
Kotak Mahindra Bank 1696.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.