Jammu & Kashmir Bank has received approval to raise capital upto Rs 1000 crore by way of Non-Convertible, Redeemable, Unsecured, Basel III Compliant, Tier 2 bonds in the nature of debentures (debentures) on a private placement basis. The bank has also received approval to raise equity share capital upto Rs 3500 crore in one or more tranches by way of Rights Issue/ Preferential Allotment/Private Placement/Qualified Institutional Placement (QIP)/ESPS or any other approved mode.
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.
| Company Name | CMP |
|---|---|
| HDFC Bank | 798.50 |
| ICICI Bank | 1364.60 |
| Axis Bank | 1365.90 |
| Kotak Mahindra Bank | 382.00 |
| Indusind Bank | 852.60 |
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