Jammu and Kashmir Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

The Board of Jammu and Kashmir Bank at its meeting held on 16 April 2024 has appointed Fayaz Ahmad Ganai as Chief Financial Officer of the Bank w.e.f. today i.e. 16 April 2024.

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Ganai is a qualified chartered accountant with an experience of 15 Years in large corporate / financial institution of which five years under senior management level i.e. scale IV. He has worked in the areas of finance, corporate/retail credit, accountancy, balance sheet management and taxation (income tax/GST etc.).

Jammu & Kashmir Bank is a private sector scheduled commercial bank. The bank reported a 35.13% increase in standalone net profit to Rs 421.08 crore on 14.18% rise in total income to Rs 3,063.30 crore in Q3 FY24 over Q3 FY23.

The scrip closed 1.44% lower at Rs 130.25 on the BSE.

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The bank's total business grew by 11.96% YoY to Rs 2,28,769.39 crore while total deposits increased 10.44% YoY to Rs 1,34,776.73 crore as of 31 March 2024.

CASA deposits stood at Rs 68,072.94 crore as on 31 March 2024, up 3.11% on year on year basis.

CASA ratio reduced to 50.51% as of 31 March 2024 as compared to 54.10% as of 31 March 2023.

Jammu & Kashmir Bank is a private sector scheduled commercial bank.

The bank reported a 35.13% increase in standalone net profit to Rs 421.08 crore on 14.18% rise in total income to Rs 3,063.30 crore in Q3 FY24 over Q3 FY23.

The scrip fell 2.27% to end at Rs 135.85 on the BSE.

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Jammu and Kashmir Bank has today signed corporate agency agreement with New India Assurance Company for servicing and soliciting their insurance products through its Branch Network. The said agreement shall be operational/effective from 02 April 2024.

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