Jk Bank IFSC Code News:
On 10th August, 2016 Jammu & Kashmir Bank Ltd will declare Q1 results
On 10 th August, 2016 Jammu & Kashmir Bank Ltd will announce Reviewed Financial Results of the Jammu & Kashmir Bank for the ended of the Quarter on June 30th, 2016 (Q1), after the Board of Directors meeting. As on 4 th August, 2016 closing Share price of the bank in BSE list was at Rs.67.1 in comparison to prior close of Rs.66.2 . The total number of stocks traded in a day was 195854 in over 1387 trades. The highest stock price reached during the day was Rs.68.25 and the lowest price was Rs.65.1. Rs. 13098363 was the net turnover of the day.
2016/08/08 09:31 AM
Looks like Mutual Funds are buying the bank stocks you sold
During the June quarter domestic mutual funds up the ante by at least 100 basis points in 15 BSE 500 firms including five banking and finance companies. The quarter end shareholding data available for nearly half of these 500 index firms showed that they were mostly selling small and midcap IT stocks. The BSE PSU index had fallen 15 % in the first half of the quarter. This happened due to an increase in bad loan provisions and poor fourth quarterly earnings before there was a recovery in June. Shares of Canara Bank jumped 44 % after its May lows. This was due to a boost in mutual fund interest in the counter shares. The J&K bank gained 27 % since June. The other BSE 500 index companies to have seen a 325 basis points hike in mutual funds during the quarter were Greenply Industries, United Breweries, Crompton Greaves, VST Industries, JK Kumar Infra, Century Ply , Sharda Cropchem. There were global concerns since the quarter was marked by a great reduction in investment in equity fund schemes.
2016/07/25 03:49 AM
Three directors of J&K bank retire citing personal reasons
J&K bank said that three of its board of directors resigned today after having cited personal reasons for their reason to leave.
The bank which has its headquarters in Srinagar told the three of its board of directors have resigned after having cited personal reasons for resigning. Their resignation will come into presence from 29th June,2016. The three of the directors who have thus resigned are Mr. Vikrant Kuthiala, Mr. Dalip Kumar Kaul and Mr. Khawar Alam Jeelani. The Jammu & Kashmir bank today said that in the meeting held today the BOD took on the track record the changes of system in the composition of its J&K board. On June 29th,2016 the J&K bank observed that the seven BOD. Out of seven BOD that are remaining one acts as the Chairman and the other one acts as the Executive officer Mushtaq Ahmad. Out of the remaining directors there are the three individual directors Mr. Azhar Ul Amin, Mr.Masooda Jabeen and Mr.Rakesh Kumar Gupta. There is one RBI nominee, Mr. JP Sharma on the board along with two other non executive directors Mr. Navin Kumar Choudhary and Mr. Abdul Majid Mir. On BSE the J&K bank stock closed 2.05 % higher on the Rs. 69.65.
2016/07/01 10:00 PM
At Katra, J&K Bank customer meet organized
In the District Reasi, at Katra,in the state of Jammu and Kashmir, J&K Bank grandly organized a Customer Meetin a successful manner for its esteemed new and old customers. The meet was presided over by Parvez Ahmad its Executive President. The meeting was attended by MLC Jugal Kishore, Zonal Head, Jammu North (II) Ashutosh Sareen and Vice President Sudhir Gupta and Senior President Mohammad Syed Wani of this bank. It was also attended by President Hotel Association Katra Rakesh Wazir. There was a good gathering by retired employees, senior citizens, shopkeepers, businessmen, villagers and others. With vote of thanks, the banks Cluster Head-Reasi Vibhakar Khajuria proudly concluded the meeting.
On this occasion, President Hotel Association Katra Rakesh Wazir also wholeheartedly thanked the bank management for its satisfactory and appreciable services all its esteemed existing and potential customers in the open market. In a press release to the print and electronic media, the official mentioned that J&K Bank isnt just ordinary commercial bank, but it is a leading and popular financial institution with a great mission in order to empower the customers from all walks of life for better growth and prosperity with a lot of perfection. This bank works with dedication and commitment on the importance of esteemed new and old customer satisfaction in the open market.
2016/05/01 08:57 AM
With PIPE, J&K Bank grows on signing agreement
With a Valley-based information dispensation application – PIPE, J&K Bank or Jammu & Kashmir Bank has signed an agreement. The bank will disseminate details and its related information about marketing campaigns, new product launches, holidays, etc., across user base of approximately 10,000 accounts through its PIPE account. It is readily available on Google Play Store. The Jammu & Kashmir Bank on the BSE is at present trading at Rs. 58.80, up by 1.29% or 0.75 points from its earlier closing of Rs. 58.05. On the counter, So far shares of 129494 numbers were traded in a successful manner. At Rs. 58.90, the scrip in a successful manner opened plus has highly touched a low and high of Rs. 57.00 and Rs. 59.60 respectively in the open market. On 07-Apr-2016, the BSE group A stock of face value Rs. 1 has greatly touched a 52 week low of an amount of Rs. 57.30 and on 05-Jun-2015, a 52 week high of an amount of Rs. 118.40. It is to be highly noted that last one week low and high of the scrip stood at Rs. 57.30 and Rs. 60.80 respectively. At present, the market cap of the bank is at amount of Rs. 2855.34 crore.
2016/04/15 08:37 PM
Jammu and Kashmir Banks gives Rs 271 Cr loans to 3791 entrepreneurs
It is to be highly noted that Jammu and Kashmir Banks is popularly known in the open market as a best responsible corporate citizen. On the other hand, this organization is leading commercial and developmental institution that aims for the growth and development of the weakest sections of the Indian society. It also focuses for the prosperity of Jammu and Kashmir State in general. It is to be remembered that this bank has largely provided loans to 3791 budding entrepreneurs of the state approximately Rs 271.31 Cr, who are successfully scripting modern tales of slow and steady success within the state to a great extent. It is also a bank that implements the Sher-i-Kashmir Employment and Welfare Programme for Youth (SKEWPY) across the state with a lot of perfection.
2016/03/29 06:17 AM
J&K Bank distributes free medicines and organizes free medical camps
On the occasion of International Womens Day, Jammu and Kashmir Bank celebrated by organising Free Medical Camps for Females Only at Rajinder Park in Jammu and Iqbal Park in Srinagar, in the state of Jammuand Kashmir, in Northern India. The Srinagar camp was largely supported by the Sher-i-Kashmir Institute of Medical Sciences (SKIMS). This particular Institute rightly provided a best team of lady doctors from various faculties. This camp was also extended support from Abbott India Ltd, SD Biosensor Health Care Pvt. Ltd and Help Poor Voluntary Trust (HPVT). The Jammu camp was supported by Maxxlyfe Hospital and Trauma Center.
The females were examined, counselled and prescribed for further immediate treatment by specialists, Endocrinology (Dr. Mehroosa), Orthopedics (Dr. Harish Deng), Medicine (Dr. Sheenam and Dr. Dushyant Chowdhary), Ophthalmology (Dr. Jasiya and Dr. R K Mengi) and Gynecology (Dr. Cimona L Saldanha, Dr. Mehvish and Dr. Uma Kohli). As per report, more than 1200 women wholeheartedly visited the twin medical camps in Jammu and Srinagar. The participated females were really satisfied with these twin camps.
2016/03/15 07:12 AM
In Jammu, J&K Bank lays foundation for office complex
Jammu and Kashmir Bank Chairman and CEO Mushtaq Ahmad laid the foundation stone in a recent function, for the J&K Bank Office Complex at Railhead Panama Chowk Jammu, in Jammu, in the state of Jammu and Kashmir, in Northern India. He stated that the immediate expansion of banks presence within the state for the last few years requirement plus needs a perfect matching increase in the banks infrastructural capacities and human resource in the open market. He also cited that the bank in the open market is taking measures necessary to meet both these said requirements for a brighter and better future of the business.
In this ceremony, the key persons who attended the function are J&K banks Senior President M S Wani and Executive President Parvez Ahmad, Director on the banks board Masooda jabeen, Vice chairman Jammu Development Authority (JDA) Mubarak Singh and Regional Director (RBI) D Shetty. On the occasion, others present were the banks Zonal Head Jammu Arvind Gupta, Viney Sawhney, Ashutosh Sareen and Raman Koushal. It is to be remembered that the new Office Complex will have a house with currency chest, eco-friendly complex, an auditorium, business unit and an office of the bank. With five floors and two basements, the state-of-the-art complex comes with lot of perfection.
2016/03/05 05:42 AM
J&K Bank grandly conducts Awareness Camps
Jammu and Kashmir Bank conducted financial literacy camps in order to spread financial awareness across the rural spaces in the state of Jammu and Kashmir in a successful manner. Recently, these camps were held at R S Pora, Kupwara, Bandipora and Kulgam. In the Camp that was held at R S Pura, Jammu, the bank organized a mega financial literacy camp at the village named Sai, this camp was attended by Lamberdars, Sarpanchs and Panchs along with a large number of people from the local areas in the surrounding villages. On the occasion, Head BU R S Pora Vijay Kumar and the banks Cluster Head Rajesh Gupta appraised the people regarding several government sponsored schemes such as PMJJY, PMJDY, PMSBY, Atal Pension Yojna and PMMY.
Meanwhile, the banks FLCC Bandipora centre during the last few weeks conducted various awareness camps at several places of Bandipora namely Odina, Naidkhai, Najin, Nowgam, Baniyari, RSETI Bandipora and Chewa. In these camps, Director RSETI Mr Parvaiz Ahmad, Lead District Manager Imtiyaz Ahmad Khan and Facilitator FLCC Bandipore Abdul Satar Najar participated.
On the other hand, the participants were largely educated regarding MUDRA, the Jan Dhan Yojna Scheme and other social security schemes such as PMSBY, Atal Pension Yojna and PMJJBY. At RSETI Bandipora, the trainees were educated regarding the schemes of the Banks such as Small Savings Bank, Savings Bank, Recurring Deposit, Educational Loans, Housing Loans and Child Care Deposit. In collaboration with Lead District Office Kupwara, the banks FLCC Kupwara perfectly organized awareness camps at Kralgund Kupwara and Handwara wherein a large number of people participated and benefited by this camp.
2016/02/25 05:02 AM
NABARD, J&K Bank comes together for Financial Literacy Campaign
NABARD which is the apex bank of the country plus J&K Bank which is the SLBC convenor plus major lender in the state of Jammu & Kashmir, in northern India have wholeheartedly agreed to collectively launch a large Financial Literacy Campaign within the state during the current financial year. It was decided at a meeting held at NABARD headquarters for J&K. The meeting was attended by Mushtaq Ahmad, Chairman, J&K Bank and Shankar A Pande, Chief General Manager, NABARD.
In order to create awareness among the people, J&K Bank has accorded to conduct more than 900 Financial Literacy and Awareness Programmes (FLAP) through more than 500 branches of the bank spread in various districts of the State especially in pockets where there is high proportion of population barred out from the financial system. This particular bank would utilize also the various services of the Financial Literacy Centres which is established already for the purpose. On the other hand, NABARD with its authorization has come forward to promote Financial Inclusion within the State through its banking network. It has also agreed to offer whole grant assistance under its Financial Inclusion Fund (FIF) to J&K Bank.
This particular large effort would assist in spreading the significant message of Financial Inclusion to more than 50000 households in remote pockets of the State plus motivate them to avail banking services. The general public will also be taught how to use IFSC code and MICR code of these both banks for quick financial transactions. The Financial Literacy Campaign will make the public aware about the various banking activities carried out by these both banks in this state for them.
2016/01/21 06:54 PM