Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jammu and Kashmir Bank has informed that India Ratings and Research has reviewed the credit ratings assigned to the Bank’s Basel III compliant Tier II bonds programme of Rs 2000 Crore (raised Rs 1000 Crore) and assigned the rating of IND A+ with outlook revised to Stable from Negative, the details of which are attached.
The above information is a part of company’s filings submitted to BSE.