Jammu & Kashmir Bank has received an approval for raising of BASEL III compliant Tier II capital upto Rs 1000 crore in the form of non-convertible, redeemable, unsecured, bonds, on a private placement basis. The Board of Directors of the Bank in their meeting held on March 17, 2022, has approved 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.
