Jammu & Kashmir Bank is going to consider raising of capital by the Bank by way of preferential issue of specified securities to the Government of Jammu & Kashmir, the promoter and majority shareholder of the Bank for an amount not exceeding Rs 500 crore. The meeting of the Board of Directors of the Bank is scheduled to be held on February 07, 2020, to consider the same.
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.
