J&KBANK

May 7 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RBI APPROVAL TO KOTAK MAHINDRA BANK FOR ACQUIRING AGGREGATE HOLDING UP TO 9.99% IN JAMMU AND KASHMIR BANK

Source text: ID:nNSE6wPSVX

Further company coverage: JKBK.NS

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** Jammu and Kashmir Bank JKBK.NS shares rise 2.4% to 137.92 rupees

** Co's Q4 net profit of 7.98 billion rupees vs 5.85 billion rupees last year

** Interest earned rose to 32.72 billion from 32.12 billion

** "The consistent improvement in asset quality, alongside a healthy business growth, now extending to 6 consecutive years, continues to remain a hallmark of performance," management says on earnings call

** JKBK holds a trailing 12-months PE of 6.92 vs industry median of 10.88

** YTD, stock up 34.4% vs 8.4% fall in Nifty Bank Index .NSEBANK

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))

May 5 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK Q4 NET PROFIT 7.98 BILLION RUPEES

• JAMMU AND KASHMIR BANK Q4 GROSS NPA 2.5%

• JAMMU AND KASHMIR BANK Q4 INTEREST EARNED 32.72 BILLION RUPEES

• JAMMU AND KASHMIR BANK Q4 PROVISIONS AND CONTINGENCIES 502.7 MILLION RUPEES

Source text: [ID:]

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Dynacons Systems and Solutions DSSL.NS up 5.2% at 930 rupees

** The IT firm wins an enterprise resource planning (EPR) project worth 250 million rupees ($2.7 million) from Jammu and Kashmir Bank JKBK.NS

** Stock set to rise for a fourth consecutive session, if gains hold

** Stock moved above its 50-day simple moving avg following the project news

** YTD, DSSL down ~9%

($1 = 92.9600 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

April 2 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - GROSS ADVANCES AS OF MARCH 31, 2026 UP 16.83%

• JAMMU AND KASHMIR BANK LTD- TOTAL DEPOSITS AS OF MARCH 31, 2026 UP 11.3% YOY

Source text: ID:nBSE5GxvH7

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

March 24 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RECEIVES TAX DEMAND AND PENALTY OF 2 BILLION RUPEES EACH

Source text: ID:nBSE6DyVgj

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 24 (Reuters) - My Mudra Fincorp Ltd MYMU.NS:

• EMPANELLED WITH J&K BANK FOR SECURED LOANS

Source text: ID:nNSE71zvPL

Further company coverage: MYMU.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Jammu & Kashmir Bank JKBK.NS rise nearly 4% to 102.8 rupees

** State-owned lender posted 10% rise in Q3 profit on Tuesday, helped by higher 'other income' and improved asset quality

** Gross bad loans ratio improves to 3% from 3.32% last quarter

** Stock fell 0.5% in 2024

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

Jan 20 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK Q3 NET PROFIT 5.87 BILLION RUPEES

• JAMMU AND KASHMIR BANK Q3 GROSS NPA 3%

• JAMMU AND KASHMIR BANK Q3 INTEREST EARNED 33.13 BILLION RUPEES

Source text: ID:nBSE5N6Lg9

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

Nov 20 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - BOARD MEETING TO CONSIDER CAPITAL RAISING

Source text: ID:nBSE5N9F0v

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

Nov 13 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - RBI APPROVES SANKARASUBRAMANIAN KRISHNAN AS PART TIME CHAIRMAN

Source text: ID:nBSE4Z69lt

Further company coverage: JKBK.NS

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** Shares of Jammu & Kashmir Bank JKBK.NS fall 2.6% to 93.85 rupees

** Bank's Q4 net profit falls 8.5% Y/Y to 5.85 bln rupees ($69.3 mln); interest earned rose 10.4% Y/Y

** Q4 gross NPA at 3.37% vs 4.08% in Q3

** JKBK down ~7% YTD

($1 = 84.4010 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

May 5 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK MARCH-QUARTER NET PROFIT 5.85 BILLION RUPEES

• JAMMU AND KASHMIR BANK MARCH-QUARTER GROSS NPA 3.37%

• JAMMU AND KASHMIR BANK MARCH-QUARTER INTEREST EARNED 32.12 BILLION RUPEES

Source text: ID:nBSEbYSZJ6

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

April 9 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• INDIA COURT STAYS OPERATION OF TAX DEMAND ORDERS AGAINST J&K BANK

Source text: ID:nBSE2LBjmG

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

April 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• TOTAL DEPOSITS UP 10.24% Y/Y AS OF MARCH 31

• GROSS ADVANCES AS OF MARCH END UP 10.32% Y/Y

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Jammu and Kashmir Bank JKBK.NS fall as much as 4% before trimming losses to trade 1.7% lower at 101.6 rupees

** Lender gets tax demand and penalty of total 162.61 billion rupees ($1.86 billion), which is nearly 1.5x its market cap

** Shares were up 2.3% before the news

** Bank says the demand order will have no material impact on its financials and operations

** Stock set to snap four straight sessions of gains

** More than 11.6 mln shares traded, 3.1x its 30-day moving avg

** JKBK fell 18% in 2024

($1 = 87.2075 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

Jan 20 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• Q3 NET PROFIT 5.32 BILLION RUPEES

• Q3 GROSS NPA 4.08%

• Q3 INTEREST EARNED 32.06 BILLION RUPEES

• Q3 PROVISIONS AND CONTINGENCIES WRITE BACK 98 MILLION RUPEES

• Q3 PROVISIONS FOR NPA 227.6 MILLION RUPEES

Source text: ID:nBSE9YWYXf

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 14 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RECEIVES ADMINISTRATIVE WARNING FROM SEBI

• SEBI WARNING PERTAINS TO APPOINTMENT OF AMITAVA CHATTERJEE AS MD, CEO

Source text: ID:nNSE1H9x3g

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 6 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK - GROSS ADVANCES UP 5.98% Y/Y AS OF DEC-END

• JAMMU AND KASHMIR BANK - TOTAL DEPOSITS AS OF DEC-END UP 9.65% Y/Y

Source text: [ID:]

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))

Dec 30 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• AMITAVA CHATTERJEE JOINS J&K BANK AS MD & CEO

Source text: ID:nNSE9THS8Z

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Oct 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• TOTAL DEPOSITS AS OF SEPT 30 UP 8.96% Y/Y

• GROSS ADVANCES AS OF SEPT 30 UP 8.30% Y/Y

Source text for Eikon: ID:nBSE97rQ0g

Further company coverage: JKBK.NS

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June 12 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RE-APPOINTED ALTAF HUSSAIN KIRA AS CHIEF RISK OFFICER

Further company coverage: JKBK.NS

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April 16 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• APPOINTED FAYAZ AHMAD GANAI AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE7GSvJQ

Further company coverage: JKBK.NS

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April 8 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL TOTAL DEPOSITS UP 10.44% Y/Y AS OF MARCH END

• JAMMU AND KASHMIR BANK LTD - GROSS ADVANCES AS OF MARCH END UP 12.67% Y/Y

Source text for Eikon: ID:nBSEbBxrFJ

Further company coverage: JKBK.NS

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April 5 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• PRATIK D PUNJABI RESIGNS AS CHIEF FINANCIAL OFFICER

Source text for Eikon: [ID:]

Further company coverage: JKBK.NS

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April 2 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• SIGNED CORPORATE AGENCY AGREEMENT WITH NEW INDIA ASSURANCE COMPANY

• AGREEMENT SHALL BE OPERATIONAL/EFFECTIVE FROM APRIL 02, 2024

Further company coverage: JKBK.NS

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March 12 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• CLARIFIES REPORT 'ENFORCEMENT DIRECTORATE ATTACHES PROPERTIES IN BANK FRAUD CASE' DOES NOT PERTAIN TO CO

Source text for Eikon: ID:nNSEbWy60

Further company coverage: JKBK.NS

((reuters.briefs@thomsonreuters.com;))

By Siddhi Nayak and Dharamraj Dhutia

MUMBAI, Jan 5 (Reuters) - Diminishing lure for perpetual bonds is likely to prompt Indian state-run banks switch to the equity market for raising funds in coming months, five banking sources told Reuters this week.

Indian banks, including top lender State Bank of India, have raised around 87 billion rupees ($1.05 billion) through perpetual bonds so far this fiscal, just about a quarter of fiscal 2023, with most struggling to raise even the targeted amount at auctions.

"With deposit rates inching higher, banks will have to pay a higher coupon on their debt securities, especially with mutual funds staying away from investing in perpetual debt," a senior official at a large state-run bank said.

Market regulator Securities Exchange Board of India had in March 2021 said that additional Tier 1 bonds would be considered to have a deemed maturity of 100 years, starting April 2023.

"This move has literally ended mutual fund investments in such papers, making fundraising more difficult," a trader with a private bank said.

Demand for these bonds fell further last year, after Credit Suisse wrote off around $17 billion of its additional Tier 1 debt amid its rescue merger with UBS.

"There is a possibility that banks may tap the equity route more for fundraising as valuations will improve further, while getting large quantum with AT-I bonds has become difficult," another banker said.

The sources asked to remain anonymous as they were not authorised to speak to the media.

Last month, state-run lenders Bank of India BOI.NS and Indian Bank INBA.NS raised 45 billion rupees and 40 billion rupees, respectively, via qualified institutional placement (QIP) of shares.

A QIP enables fundraising by offering equity shares to qualified buyers without a public offering.

Union Bank of India UNBK.NS had raised 50 billion rupees through a QIP in August.

Last week, Punjab National Bank PNBK.NS approved raising aggregate 75 billion rupees via equity.

The Nifty PSU Bank index .NIFTYPSU rallied 32.30% in 2023, outperforming the bank index .NSEBANK and financial services index .NIFTYFIN.

"State-run banks have cleaned up their balance sheets well and their valuations are still at a discount," said Vinod Nair, head of research at Geojit Financial Services.

($1 = 83.1650 Indian rupees)

(Reporting by Siddhi Nayak and Dharamraj Dhutia; Editing by Swati Bhat and Varun H K)

((Siddhi.Nayak@thomsonreuters.com; +91 22 6921 7848; Reuters Messaging: Twitter: https://twitter.com/siddhiVnayak))

Jan 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL TOTAL DEPOSITS UP 9% Y/Y AS OF DEC 31

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL GROSS ADVANCES UP 14.13% Y/Y AS OF DEC 31

Source text for Eikon: ID:nBSEcdpbPS

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Dec 15 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• APPROVED ISSUE PRICE TO QUALIFIED INSTITUTIONAL BUYERS AT 107.60 RUPEES PER SHARE

Further company coverage: JKBK.NS

((Reuters.Briefs@thomsonreuters.com;))