MoneyWorks4Me

Jammu & Kashmir Bank gets nod to raise Rs 1000 crore via bonds

17 Mar 2022 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..