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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
J&K Bank issues clarification on penalty imposed by RBI
Have strengthened the Compliance framework by creating a separate compliance vertical: Chairman
Srinagar: J&K Bank today issued a clarification after the Reserve Bank of India (RBI) imposed a 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 spokesperson when contacted clarified that the […]
J&K Bank relaxes age, qualification criteria for BA positions
Srinagar: J&K Bank has announced a relaxation in the eligibility criteria of Banking Associates (BA) in respect of qualification and age. Now the candidates having educational qualification as Graduates/Post Graduates with 50% marks and above (date of declaration of result till 30.11.1018) are eligible to apply for the said post. The age in case of […]
