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J&K Bank gets approval for raising Rs 2,000 crore

31 May 2018 Evaluate

Jammu & Kashmir Bank (J&K Bank) has received approval from its board for the raising of capital (Tier I/Tier II) by various means up to the tune of Rs 2,000 crore.  The meeting of the Board of Directors of the bank held on May 30, 2018, have approved the same.

The Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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