MoneyWorks4Me

Jammu & Kashmir Bank to raise funds up to Rs 1,000 crore

15 May 2017 Evaluate

Jammu & Kashmir Bank has received an approval for raising of capital subject to a maximum of Rs 1,000 crore. The board of directors at its meeting held on May 13, 2017 has approved for the same.

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. J&K Bank holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.


Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..