J&K Bank shares tumble 20 pc; hit lower circuit on removal of Chairman
Jammu and Kashmir government Saturday removed J&K Bank Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
The scrip tumbled 19.93 per cent to Rs 47.60 -- its lower circuit limit -- on the BSE. Photo: JK Bank Official Website