Biz and Economy

 Press Trust of India

‘Turning JK bank into a PSU’: Mehbooba terms it an attempt to fiddle with state’s special status

‘Turning JK bank into a PSU’: Mehbooba terms it an attempt to fiddle with state’s special status

Srinagar: Former chief minister Mehbooba Mufti on Saturday criticised the decision to treat Jammu and Kashmir Bank as a public sector undertaking, saying it “smacks of attempts to fiddle with the basic character of the state’s special status”. The Peoples Democratic Party (PDP) president called for immediate rollback of the decision taken by Governor S […]

 KV Network

Bank derives strength from people who serve it: CEO J&K Bank

Bank derives strength from people who serve it: CEO J&K Bank

Srinagar: J&K Bank Pensioners Association Kashmir (JKBPA) organized its annual get to gather here at SKICC Saturday J&K Bank Chairman & CEO, Parvez Ahmed, was chief guest on the occasion and was given warm welcome by the Association lead by its president Bashir Ahmed. J&K Bank Executive president/CPO. P.K Tikoo, Presidents A.R. Sheigan, Ashraf Ali […]

 KV Network

J&K Bank creates ‘Distressed Relief Fund’ for snow-affected apple

J&K Bank creates ‘Distressed Relief Fund’ for snow-affected apple

Staff donates three days salary

Srinagar: J&K Bank Friday announced creation of a ‘Distressed Apple Growers Relief Fund’ for extending help to the snow-affected apple growers of the State. Rs.11 crore have been pooled in the Fund which includes three days salary donated by the staff of the bank and Rs. 5 crore from the bank’s CSR fund, a spokesman […]

 KV Network

JK Bank Chairman inaugurates 1st HR Conclave at IIM, Jammu

JK Bank Chairman inaugurates 1st HR Conclave at IIM, Jammu

Collaborate with educational institutions in far-flung areas to inspire youth of the state

Jammu: J&K Bank Chairman & CEO Parvez Ahmed today inaugurated the 1st Human Resource Conclave organised by Indian Institute of Management (IIM), Jammu in presence of Vice Chancellor Jammu University, Prof. Manoj Dhar, Director, IIM Jammu Prof. B.S. Sahay, Chief Executive Officer Sify Technologies Kamal Nath, Chairperson, Women Entrepreneur Cell, MSME of India, Ms. Jaya Goyal, Chairman […]

 KV Network

J&K Bank creates Rs.11 Cr ‘Distressed Relief Fund’ for snow-affected apple farmers 

J&K Bank creates Rs.11 Cr ‘Distressed Relief Fund’ for snow-affected apple farmers 

Staff donates three days salary

Srinagar: J&K Bank today announced creation of a Distressed Apple Growers Relief Fund for extending help to the snow-affected apple growers of the State. Rs.11 crore have been pooled in the Fund which includes three days salary donated by the staff of the bank and Rs. 5 crore from the bank’s CSR fund. Notably, recently […]

 KV News

JK Bank brought under RTI, CVC Guidelines

JK Bank brought under RTI, CVC Guidelines

Jammu: The State Administrative Council (SAC) which met here on Thursday under the chairmanship of Governor, Satya Pal Malik in a significant decision approved the proposal for treating the Jammu and Kashmir Bank Limited as a Public Sector Undertaking (PSU). The SAC approved that the provisions of the Jammu and Kashmir Right to Information Act, […]

 KV Network

GST Intelligence Wing raids Mineral Water Plants in Kashmir

GST Intelligence Wing raids Mineral Water Plants in Kashmir

Srinagar: GST Intelligence Wing has raided the offices of different package drinking water plants across Kashmir Valley and even seized records from them for evading tax under Goods and Service Tax. Sources said that a team of GST Intelligence Wing headed by Deputy Director Kaushal raided the office premises of Tramboo Traders in Hyderpora area […]

 KV Network

J&K Bank issues clarification on ‘penalty’ imposed by RBI

J&K Bank issues clarification on ‘penalty’ imposed by RBI

Have strengthened compliance framework: Chairman

Srinagar: J&K Bank on Thursday issued a clarification after the Reserve Bank of India (RBI) imposed monetary penalty on it. Notably, RBI yesterday issued two separate press releases stating that it had imposed monetary penalties on J&K Bank and Deutsche Bank on account of non-compliance of asset classification norms and KYC/AML guidelines. The JK Bank […]

 KV Network

Stock market analysts bat for JK bank shares

Srinagar: At a time when the banking industry is going through challenging times and most of the government owned banks are not finding favour with the market analysts, the state owned Jammu and Kashmir Bank have become the cynosure of the stock market analysts with majority of the analysts recommending a buy on the share […]

 KV Network

JK Bank share finds favor with stock market analysts 

JK Bank share finds favor with stock market analysts 

Srinagar: At a time when the banking industry is going through challenging times and most of the government-owned banks are not finding favour with the market analysts, the state-owned Jammu and Kashmir Bank have become the cynosure of the stock market analysts with majority of the analysts recommending a buy on the share of the bank […]