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.
Srinagar-based Jammu & Kashmir Bank (J&K Bank) has posted a 11.02% rise in net profit at Rs 321.29 crore for the third quarter ended 2013 as against Rs 289.4 crore in October-December 2012.Its net interest income (NII) for the reporting
Jammu & Kashmir (J&K) Bank is targeting a net profit of Rs 1,800 crore by the end of 2015-16. The lender, which recorded a profit of Rs 610.6 crore for the first half of this financial year, estimates net profit for 2013-14 at Rs 1,260
Jammu & Kashmir (J&K) Bank today said its net profit for the quarter ended September 30, 2013 increased by 12.3% from a year earlier to Rs 302.7 crore as it earned more interest income, improved its margin and kept asset quality stable.
Jammu & Kashmir (J&K) Bank today said the Reserve Bank of India (RBI) has approved the extension of Mushtaq Ahmad's tenure as chairman and chief executive officer of the bank for a period of three years.