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SRINAGAR: Jammu and Kashmir Bank's net profit rose by 56.5 percent Year-on-Year (YoY) to Rs 381.07 crore in the September Quarter (Q2) of the current financial year (CFY), compared to Rs 243.49 crore recorded for the corresponding quarter in the previous year. ....
SRINAGAR: In a move to provide enhanced financial security to the employees of the Jammu and Kashmir government, the Jammu and Kashmir Bank has announced the extension of a free Group Personal Accidental Insurance Policy worth Rs 25 lakh. ....
SRINAGAR: Jammu and Kashmir Bank Ltd Saturday dismissed its chief manager Sajad Bazaz from services with immediate effect. An official order issued by J&K Bank, accessed by KNO while quoting its MD, reads that the undersigned is satisfied after considering the facts and circumstances of the case. ....
MUHARRAM Jammu and Kashmir government permitted Muharram 8 mourning procession in Srinagar after three decades. The procession starts at Guru Bazar and concludes at Dalgate after passing through Lal Chowk. ....
The Jammu and Kashmir Bank celebrates its 25th anniversary as a listed company, with its stocks reaching a 52-week high of Rs 75. After facing significant losses in 2019-20, the bank rebounded, posting record profits in 2022-23. Despite operating in a challenging environment, the bank's aggressive strategy and focus on retail assets outside the region have paid off. It has earned the trust of the market and became a prominent player in the banking sector. The bank's success is attributed to its dedicated human resource, even amidst adversities, and it has managed to attract interest from global investors. The bank's growth has been steady and significant, and it remains optimistic about its future prospects as long as it retains its core values and practices. ....