Jammu & Kashmir Bank to raise Rs 1,000 cr via bonds under Basel III to boost capital
State-owned Jammu & Kashmir Bank will raise up to Rs 1,000 crore by issuing bonds in one or more tranches. The bank will bring the matter before the shareholders in the ensuing annual general meeting to be held on July 7.
Stock of Jammu & Kashmir Bank closed flat at Rs 59 apiece on the BSE today.