Among the popular names, the consolidated net profit of Alembic Pharmaceuticals surged 596 per cent to Rs 152.60 crore in Q4FY23 against Rs 21.92 crore in the same quarter a year ago.
Mahindra & Mahindra’s Farm Equipment Sector, the world’s largest tractor manufacturer by volume and a part of the Mahindra Group, signed a memorandum of understanding (MoU) with the Jammu & Kashmir Bank to finance Mahindra’s range of tractors and farm machinery.
Jammu & Kashmir Bank on Wednesday said the Reserve Bank has approved the appointment of Baldev Prakash as its next Managing Director and CEO from the next year. The Reserve Bank of India has vide letter dated October 26, 2021 accorded approval to the candidature of Prakash as MD & CEO of the Bank for a period of three years from the date of taking charge or April 10, 2022,
The board of directors of Jammu & Kashmir Bank approved raising of capital by issue of equity shares through preferential allotment to Government of Jammu & Kashmir, the promoter and majority shareholder of the bank, for an amount upto Rs.500 crore.
The announcement was made after market hours on Friday, 4 June 2021. Shares of Jammu & Kashmir Bank fell 0.51% to settle at Rs 29.40 on Friday.
The stock hit a 52-week high of Rs 32.95 on 18 February 2021. The stock hit a 52-week low of Rs 11.55 on 01 June 2020.
J&K Bank offers banking services under the three major divisions as support services, depository services and third party services.