JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate that Bank has received intimation regarding loss of Share Certificates JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Newspaper Publication
copy of the Notice published in the newspapers on 29th and 30th October, 2022 regarding Loss of Share Certificates JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Transcript of Conference Call held on October 21, 2022 JAMMU & KASHMIR BANK LTD. - 532209 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Compliance under Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
J&K Bank to complete transfer of Rs 960 cr NPAs to NARCL by October-end
Jammu and Kashmir Bank will put up for sale non-performing assets to the tune of Rs 960 crore, as part of its efforts to improve its balance sheet, sources in the bank said. The bank is hoping that the process of sale of these non-performing assets to the National Asset Reconstruction Company Limited (NARCL) will be completed by the end of this month, the sources said. Of the six accounts, the JK Bank has an exposure of Rs 230 crore in the now-bankrupt Reliance Naval and Engineering Limited, Rs 188 crore in Jaypee Infratech, Rs 176 crore in Jaiprakash Associates Limited and Rs 126 crore in Coastal Energen Private Limited. Jammu and Kashmir Bank's Rs 960 crore NPAs are part of the Rs 9,234 crore bad assets of the Public Sector Undertaking (PSU) lenders that the NARCL has offered to buy at Rs 3,570 crore in the first phase. The proceeds from the sale of the NPAs, which the NARCL is doing on 15-85 basis over a period of five years, will aid Jammu and Kashmir bank's plans to raise capi Q2FY23 Quarterly Result Announced for Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank announced Q2FY23 results: Bank’s net profit is 119% up YoY at Rs. 243.49 crore in September Quarter of current financial year when compared to Rs 111.09 crore recorded for the corresponding quarter previous year, while as, its half-yearly (H1) profit rose 90% to Rs 409.46 crore from Rs 215.41 crore recorded for H1 last year. The Bank’s Net Interest Income (NII) is up 24% YoY at Rs 1204.12 crore for the September quarter and 15% up at Rs 2238.35 crore for the half year compared to corresponding periods of previous year, while the Operating Profit rose YoY by 56% and 29% for respective periods. The Bank’s NIM has also improved to 4.04% against 3.51% recorded for the corresponding quarter last year, while as the Return on Assets has improved to 0.71% for the quarter and 0.62% for the HY. The Bank’s steadily moderating cost-to-income ratio has also come down to 64.19% for the Q2 from the above 70% levels recorded last year. Commenting on the Bank’s healthy growth, MD & CEO Baldev Prakash said, “Along with markedly improved bottom-line, our Q2 numbers do reflect Bank’s ability to deliver on its commitments and to improve upon all its key financial indicators necessary to redirect its focus on realizing the short-term business goal of Rs 2.2 Lac Cr by the end of current fiscal.” “While setting right tone for the future course of our action, I see these numbers heralding a new era of productivity and growth for the Bank and all its stakeholders”, he added. Result PDF JAMMU & KASHMIR BANK LTD. - 532209 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Finance Secretary Government of UT of Ladakh JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release on the Reviewed Financial Results of the Bank for the Quarter and Half Year ended 30th September, 2022 JAMMU & KASHMIR BANK LTD. - 532209 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of conference call with analysts and investors in connection with the Reviewed Financial Results of the Bank for the quarter and half year ended September, 2022
J&K Bank Q2 profit doubles to Rs 243 crore amid fall in bad loans
Jammu & Kashmir Bank on Friday reported over two-fold jump in net profit at Rs 243.49 crore for September quarter 2022-23 on a healthy growth in interest income and fall in bad loans. The bank had posted a net profit of Rs 111.09 crore for the year-ago period. Total income during the quarter rose to Rs 2,444.59 crore from Rs 2,184.20 crore a year ago, J&K Bank said in a regulatory filing. Interest income grew 15.5 per cent to Rs 2,298.85 crore during the quarter. Gross non-performing assets (NPAs) were reduced to 7.67 per cent of gross advances as of September 30, 2022 from 8.95 per cent by the end of September 2021. Net NPAs were also brought down to 2.10 per cent from 3.02 per cent. In value terms, gross NPAs stood at Rs 6,064.68 crore in the quarter as against Rs 6,524.87 crore. Net NPAs were Rs 1,566.77 crore, down from Rs 2,063.65 crore in the year-ago period. The fall in bad loans ratio helped cut the provisions towards NPAs and contingencies for Q2FY23 substantially to .