Jammu and Kashmir Bank Ltd News

Sebi issues warning to J&K Bank for delayed disclosure of MD appointment

Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI's approval) i.e. December 24, 2024 at 3:14 PM, Sebi's letter posted by J&K Bank on stock exchanges on Tuesday said. "The event relating to appointment of MD & CEO is considered significant because of the surge in price as well as volume movement of the bank's scrip, traded on the platform of the stock exchanges, between the date of occurrence of the event i.e. December 24, 2024 and the next trading day i.e. December 26, 2024," the letter said. The bank had made a disclosure on December 25, 2024 (trading holiday) regarding appointment of Amitava Chatterjee as Managing Director and Chief Executive Officer for a period of ..

J&K Bank shares jump 7% after Amitava Chatterjee appointed as MD & CEO

Amitava Chatterjee is presently deputy managing director at State bank of India (SBI) and has also served as MD & CEO of SBICAPS

Amitava Chatterjee appointed new managing director, CEO of J-K Bank

Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29

Allocated Rs 633 cr for ECL provisions: Jammu & Kashmir Bank MD & CEO

This journey over the past two and a half years has been remarkably engaging and incredibly interesting for me, Baldev Prakash, Jammu & Kashmir Bank, MD & CEO

J&K bank's profit rises 27% to Rs 415 cr in Apr-Jun quarter on high income

J&K Bank on Saturday reported a 27 per cent rise in net profit to Rs 415 crore in the April-June quarter of 2024-25 compared to the year-ago period. The bank had posted a net profit of Rs 326 crore in the April-June period of the previous year. Total income in the first quarter of the current fiscal rose to Rs 3,188 crore as against Rs 2,885 crore, J&K Bank said in a filing. The lender's interest income also increased to Rs 2,994 crore from Rs 2,657 crore in the same quarter a year ago. The bank's net interest income (NII) grew by 7 per cent to Rs 1,369 crore in the first quarter of current financial year. The gross Non-Performing Assets (NPAs) declined to 3.91 per cent of the gross advances by June 2024 from 5.77 per cent in the same quarter a year ago. The net NPA too declined to 0.76 per cent as against 1.39 per cent in the same period of the previous year. The capital adequacy ratio of the bank improved to 15.07 per cent at the end of June compared to 14.83 per cent in the