Jammu & Kashmir Bank has received approval for raising of equity share capital upto Rs 750 crore in one or more tranches by way of Rights Issue/ Preferential Allotment/Private Placement/Qualified Institutional Placement (QIP)/Follow on Public Offer (FPO) or any other approved route preferably during the second half of the Financial Year 2023-24 and raising of 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 preferably towards end of the Calendar Year 2023.
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.
