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CBI books Ruchi Global Limited, directors for Rs 188 crore bank fraud
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CBI nabs 3 Ruchi Global Ltd directors in Rs 188 cr bank fraud
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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.
The markets ended on a buoyant note last week as the benchmark indices gained nearly 1.5 per cent, with Sensex closing above 52,000 for the first time amid falling Covid cases and reopening of the economy. Analysts believe the rally may come to a pause after three consecutive weeks of gains, but the bias would remain on the positive side. Covid-related developments, macro data and global cues will guide the market this week, amid lack of any major domestic trigger. Meanwhile, on the earnings front, 250 companies are lined up to announce their quarterly numbers, which is likely to result in more stock-specific action. Some of the prominent names include Bata India, GAIL, Union Bank of India, SAIL, BHEL, Care Ratings and DLF.
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