Jammu & Kashmir Bank (J&K Bank) has received an approval for the allotment of 10000 non-convertible, redeemable, unsecured, Basel III Compliant, Tier 1 Bonds in the nature of debentures (PDI) for augmenting Tier 1 capital at par aggregating up to Rs 1000,00,00,000, by way of private placement to be listed on the Wholesale Debt Market (WDM) segment of BSE. The Share Issue Committee of the Board of Directors (Committee) at its Meeting held June 14, 2018, considered and 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.
