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J&K Bank gets RBI's nod for reduction in authorised capital

16 Jan 2016 Evaluate

Jammu & Kashmir Bank has received the Reserve Bank of India's approval for reduction in its authorised capital from Rs 100 crore divided into 100 crore equity shares of Re 1 each to Rs 95 crore divided into 95 crore equity shares of Re 1 each to seek compliance with the provisions of Section 12 and 49C of the Banking Regulation Act, 1949.

Jammu and Kashmir Bank provides financial service and solutions to the people of Jammu and Kashmir. The bank provides treasury operations, corporate/wholesale banking, retail banking and other banking services.

Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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