Jammu & Kashmir Bank planning to raise up to Rs 550 crore via bonds
20th Aug 2019

Jammu & Kashmir Bank is planning to raise up to Rs 550 crore by issuing Basel III compliant bonds in the domestic market on private placement basis. The Bank’s board will put the fund raising proposal before the shareholders at its annual general meeting on September 7, 2019.

Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.