J&K Bank board meets for QIP, results

The board of directors of Jammu & Kashmir Bank will meet on Saturday to consider raising capital via a qualified institutional placement, subject to regulatory approvals. The board meet will also take on record the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2017. Analysts and investors will keep a close eye on J&K Bank’s performance and NPA and CASA figures given the current unrest in Kashmir.