J&K Bank tumbles 20% in two days
On October 10, Chairman Parvez Ahmad of J&K Bank said, “Stability of the bank shall be our focus in the next six quarters. In order to improve the bottom-line growth, we may not book profits, pay dividends or taxes."
On Thursday, brokerage firm Credit Suisse trimmed its outlook on J&K bank to 'neutral' and the shares slumped nearly 18%, its worst decline since February 2015. Photo: IANS