We want to address concentration risk in our home ground: J&K Bank chief

In a Q&A, Baldev Prakash dwells on the lender's plan to bring down NPAs and raise Rs 500 cr in equity by the end of FY23

Jammu & Kashmir Bank is addressing the concentration risk in its loan book as it plans to cut down J&K and Ladakh regions share of borrowings to 50 per cent. Baldev Prakash, MD & CEO of the bank tells Manojit Saha in an interview that the lender plans to raise Rs 500 crore in equity capital by the end of the current financial year. Edited excerpts:

The business of Jammu & Kashmir Bank is mainly concentrated in J&K and the Ladakh region. Advances grew by 9 per cent year on year to Rs 75,000 crore by September-end. What kind of