Jammu & Kashmir Bank has received approval from Board of the Directors for the allotment of 1021 Unsecured, Subordinated, Non-Convertible, Redeemable, Fully-Paid-Up, Basel III Compliant Tier II Bonds in the nature of debentures of the face value of Rs 1.00 crore each aggregating up to Rs 1021.00 crore. The Capital Issuance Committee of the Board of Directors of the company at its meeting held on December 30, 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.
