Buy Jammu & Kashmir Bank Ltd., target Rs 85.0 : Sacchitanand Uttekar
Buy Jammu & Kashmir Bank Ltd. at a price target of Rs 85.0 and a stop loss at Rs 67.0 from entry point22-08-2016
22-08-2016
Notice of Postal Ballot
Jammu & Kashmir Bank Ltd has submitted to BSE a Copy of the Notice of Postal Ballot.20-08-2016
J&K; Bank Q1 profit down 86% at Rs 23 crore
Shares of the bank were down 5.24% at Rs 69.60 in the pre-close session on BSE10-08-2016
Outcome of Board Meeting
Jammu & Kashmir Bank Ltd has informed BSE that the Board of Directors in their meeting held on August 10, 2016 have approved:1. Issue of Debt Securities (Unsecured Subordinated Redeemable Non-Convertible Basel III compliant Tier 2 Bonds in the nature of Debentures of face value of Rs. 10,00,000 each) on private placement basis aggregating up to Rs. 1,000 crores in one or more tranche(s) in the financial year 2016-17, and...10-08-2016
Change in Directorate
Jammu & Kashmir Bank Ltd has informed BSE that following Directors have been appointed on the Board of Directors of the Bank as per the details given hereunder:1. Mr. Yogesh Kumar Dayal, Additional Director nominated by the Reserve Bank of India in place of Mr. J. P. Sharma, w.e.f. July 01, 2016.2. Mr. Mohammad Ashraf Mir, appointed to fill the casual vacancy caused due to resignation of Mr. Khaver Alam Jeelani from the directorship...10-08-2016
Announces Q1 results (Standalone) & Limited Review Report (Standalone) for the Quarter ended June 30, 2016
Jammu & Kashmir Bank Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:The Bank has posted a net profit of Rs. 228.80 million for the quarter ended June 30, 2016 as compared to Rs. 1587.60 million for the quarter ended June 30, 2015. Total Income has decreased from Rs. 18883.50 million for the quarter ended June 30, 2015 to Rs. 17890.50 million for the quarter ended June 30, 2016.10-08-2016
Board Meeting on August 10, 2016
Jammu & Kashmir Bank Ltd has informed BSE that meeting of the Board of Directors of the Bank scheduled on August 10, 2016, shall inter alia, consider and approve:1. Issue of Debt Securities (Unsecured Subordinated Redeemable Non-Convertible Basel III compliant Tier 2 Bonds in the nature of Debentures of face value of Rs. 10,00,000 each) on private placement basis aggregating up to Rs. 1,000 crores in one or more tranche(s) in the financial year 2016-17, and...06-08-2016
Q1 results on August 10, 2016
Jammu & Kashmir Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on August 10, 2016, inter alia, to consider the Reviewed Financial Results of the Bank for the Quarter ended June 30, 2016 (Q1).03-08-2016
Outcome of AGM
Jammu & Kashmir Bank Ltd has informed BSE that the 78th Annual General Meeting (AGM) of the Company was held on July 20, 2016.30-07-2016
Dividend Warrants for the Financial year 2015-16
With reference to the earlier letter dated May 24, 2016, Jammu & Kashmir Bank Ltd has now informed BSE that shareholders of the Bank in their 78th Annual General Meeting held on July 20, 2016 approved the payment of Dividends @175 % (Rs. 1.75 per equity share of Rs. 1/- each) for the financial year 2015-16 and the Bank proposes to dispatch the dividend warrants to its shareholders on July 28, 2016.21-07-2016