The MOU signed at the J&K Bank Headquarters in Srinagar, will ease the journey of customers from the region to buy and use Sportsman 570 Tractor, one of Polaris India s flagship and best-selling products.
After witnessing a steady decline since 2014 and hitting a rock bottom of INR12 in April 2020, J&K Bank has bounced back around 10x, becoming a multibagger. The stock is currently trading at a P/BV of 1.37x at INR112. While there could be several hiccups on the way, for investors its an opportunity worth looking at.
The MD and CEO handed over the dividend cheques for the FY23 to Lieutenant Governor Manoj Sinha. The bank approved 50 per cent dividend for FY23 at its 85th annual general meeting.
The order, issued on Saturday evening by J&K Bank managing director and chief executive officer Baldev Prakash, stated that in the “interest of the security of state” it is not expedient to hold an inquiry into Bazaz's conduct.