Current unrest in the Valley has further complicated the financial situation, J&K Bank Chairman Parvez Ahmad said on Monday and warned that there would not be any bottomline growth in the next 18 months, resulting in "no dividend, no tax
Shares of Jammu & Kashmir (J&K) Bank dipped 5% to Rs 98.40 on the National Stock Exchange (NSE) in early morning trades after the bank reported a sharp 60% year-on-year decline in net profit at Rs 102 crore for the quarter ended March, 2015 (Q4), on
Shares of Jammu & Kashmir (J&K) Bank were down 4% to Rs 104.65, hitting 52-week low on the BSE, on the back of heavy volumes.The trading volumes on the counter jumped more than doubled with a combined 3.65 million shares changed hands on BSE and NSE.
Shares of Jammu and Kashmir Bank are trading lower by 9% to Rs 123 on the BSE after it posted a 67.43 per cent decline in net profit at Rs 104.64 crore for the third quarter ended December 31, 2014-15, on account of rise in bad loans.
Jammu & Kashmir (J&K) Bank is exploring possibilities to sell its entire five per cent stake in PNB MetLife India Insurance Company for about Rs 700 crore, people familiar with the development told Business Standard.