Latest news with #J&KBank
The Hindu
16-07-2025
- Politics
- The Hindu
J&K making rapid strides on path of peace and prosperity: L-G Manoj Sinha
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday said the Union Territory has been making rapid strides on the path of peace and prosperity under the leadership of Prime Minister Narendra Modi, achieving all-inclusive growth and social justice, since the abrogation of Article 370 in 2019. While delivering a special lecture on 'Jammu and Kashmir Towards Peace' at Gandhi Smriti, at an event presided over by former Union Minister and Gandhi Smriti vice-chairman Vijay Goel, the Lieutenant-Governor said over the past five years, Jammu and Kashmir's economy had more than doubled. Mr. Sinha said under the Prime Minister's visionary leadership, the region was now connected to other parts of the country through railways. There was a massive increase in the influx of tourists with more than 5,000 new hotels constructed over the past four years in Kashmir valley itself. Several infrastructure projects were being implemented and many social welfare programmes launched. A key indicator of development was the ₹1,700-crore profit booked by J&K Bank, which had previously suffered a loss of about ₹1,300 crore. Taking advantage of the incentives being provided by the government, a large number of startups were now coming up. Several premier educational institutions had been set up for the local youth, which was committed to peace, prosperity, unity, and communal harmony in the region. Mr. Sinha said there was a fair and peaceful conduct of Assembly elections in J&K. 'No political party raised any doubt about the election process,' he said, adding that the Panchayati Raj system had also been implemented across the UT successfully. The Lieutenant Governor said after the abrogation of Article 370, no stone pelting incident was reported in the past few years. While earlier, terror outfits would radicalise and recruit an average of about 150 local youth per year, only six such instances were reported last year, and just one so far this year, which was a testimony to the fact that J&K residents were pro-development, he said. Terming the Pahalgam terror attack a conspiracy by Pakistan to trigger communal unrest and once again destabilise J&K, he said there was a spontaneous protest by the locals against the killings. Mr. Sinha said Operation Sindoor displayed the capability of the armed forces to deliver a befitting response to the Pakistan-sponsored terrorism, and that too using indigenous defence systems. 'Since Partition, terrorism has been the State policy of Pakistan,' he said, adding that the international community should work together to eliminate breeding grounds of terrorism.
Time of India
08-07-2025
- Automotive
- Time of India
Stocks in news: Titan, J&K Bank, Tata Motors, M&M, JSW Infra
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets made a muted start to the week and ended almost unchanged, continuing the ongoing consolidation phase. In today's trade shares of Titan , J&K Bank, Tata Motors , M&M, JSW Infra among others will be in focus due to various news developments and first quarter major Titan Company reported a 20% year-on-year growth in its consumer business in Q1FY26 while adding 10 new stores (net) in Q1FY26 extending its retail network to 3,322 sold nearly 4.4 lakh shares in Mumbai-based Marathon Nxtgen Realty in a bulk deal worth over Rs 29 investor Mukul Mahavir Agrawal added Jammu and Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run maker, Navin Fluorine International announced the launch of its qualified institutions placement (QIP) to raise up to Rs 750 Infrastructure said it has received a letter of award from the Syama Prasad Mookerjee Port Motors reported a year-on-year decline in sales volumes for Jaguar Land Rover (JLR) in the first quarter of FY26, with both wholesale and retail numbers witnessing a double-digit company's vehicle production for June stood at 83,435 units, reflecting a 20% increase over the 69,441 units produced in June last year.
Business Standard
07-07-2025
- Business
- Business Standard
J&K Bank gross advances grow 6% YoY in Q1FY26
Jammu & Kashmir Bank said that its gross advances jumped 5.53% to Rs 1,04,039.84 crore as of 30 june 2025, compared with Rs 98,579.79 crore as of 30 June 2024. Total business stood at Rs 2,49,784.15 crore as of 30 June 2025, up 9.54%, compared with Rs 2,28,022.90 crore as of 30 June 2024. CASA deposits rose 2.90% YoY to Rs 67,900.54 crore as of 30 June 2025. CASA ratio was at 45.71% as of 30 June 2025 as against 49.77% as of 30 June 2024. Total deposits increased 10.24% to Rs 1,48,542.07 crore as of 30 June 2025, compared with Rs 1,32,573.13 crore as of 30 June 2024. Gross investment jumped 27.55% to Rs 43,310.58 crore as of 30 June 2025, compared with Rs 33,955.15 crore as of 30 June 2024. J&K Bank offers banking services under the three major divisions of support services, depository services, and third-party services. The company reported 8.47% decline in net profit to Rs 584.54 crore in Q4 FY25, compared with Rs 638.67 crore in Q4 FY24. Total income jumped 15.35% year on year to Rs 3,616.16 crore in Q4 FY25. Shares of Jammu & Kashmir Bank fell 2.14% to Rs 111.80 on the BSE.
Indian Express
04-07-2025
- Politics
- Indian Express
Mirwaiz warns of protests against liquor shops in J&K
Calling the Jammu and Kashmir government's decision to open liquor shops in some areas 'disturbing', Hurriyat Conference Chairman Mirwaiz Umar Farooq Friday warned that the move could spark protests. Speaking at Jamia Masjid, he said, 'I want to draw the attention of the people and the authorities towards a very serious and disturbing development. A notice by the Batmaloo traders and business community for public information states that they are closing down shops for three days to protest the opening of a liquor shop in the area.' Urging immediate action by authorities, Mirwaiz said that the opening of new liquor shops is 'totally unacceptable' to the people of Kashmir. 'It is an assault on our religious, cultural and societal ethos and a complete disregard for it — a deliberate attempt to ruin our people and our future generations. Already, we are grappling with the menace of drug addiction and now the authorities are promoting liquor to further ruin the people and our societal and cultural fabric,' he said, addressing the Friday congregation. He said that the authorities are aware that J&K has Muslim majority population, consumption of liquor 'is against the tenets of Islam' and yet it is being promoted. 'Why don't they promote it in Gujarat, which is a dry state — why J&K? Hasn't tourism flourished here for decades without liquor, as this is the common ridiculous argument made?' he asked. Mirwaiz also urged the Omar Abdullah government to 'intervene and ensure' that this action is corrected. 'It is their duty to ensure that such proposals are nipped in the bud. If they fail, then the ulema (religious authorities), civil society and people in general will have no option but to protest and come out against this assault,' he said. In March this year, Chief Minister Omar Abdullah had dismissed reports of new liquor vends being opened in Kashmir. Issuing a clarification, the government mentioned that as per the J&K Excise Policy for the year 2025-26, notified on February 15 this year, 305 vends (wine shops) were put on e-auction. After the culmination of the bidding process, 271 vends were allotted through e-auction process (conducted by J&K Bank) to successful bidders. At present, the number of liquor vends in Jammu is 291, while 14 are operational in Kashmir.
The Hindu
30-06-2025
- Business
- The Hindu
J&K Bank appoints Ketan Kumar Joshi as new CFO
The Jammu and Kashmir Bank on Sunday (June 29, 2025) announced the appointment of Ketan Kumar Joshi as its new chief financial officer for a term of three years. Mr. Joshi has replaced Fayaz Ahmad Ganai, a spokesperson of the J&K Bank said. The Bank notified the appointment to the stock exchanges following SEBI Regulations. "A seasoned professional in banking and finance, Joshi brings over two decades of extensive experience across Indian and international financial institutions," the spokesperson said. Before joining the J&K Bank, Mr. Joshi served as CFO at North East Small Finance Bank Ltd. (2019-2024), where he successfully led a number of critical initiatives. He also spearheaded the bank's system migration from FIS (PROFILE) to BSG (TURING), ensuring capital growth aligned with business expansion and regulatory requirements. Joshi has served in Afghanistan with Maiwand Bank, Bakhtar Bank, and Ghazanfar Bank. He also served as senior vice president at Bank of Tokyo-Mitsubishi UFJ Ltd, Mumbai.
