Board of J&K Bank approves raising capital up to Rs 500 cr

At meting held on 04 June 2021The Board of Jammu and Kashmir Bank at its meeting held on 04 June 2021 has approved raising of capital by issue of equity shares through preferential allotment to Government of Jammu & Kashmir, the promoter and majority shareholder of the Bank, for an amount upto Rs.500 crore, subject to the shareholders and other regulatory approvals.