Money & Banking

J&K makes Rs 532-cr budget provision for capital infusion in J&K Bank

Our Bureau Mumbai | Updated on January 12, 2018 Published on January 24, 2017

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The Jammu & Kashmir government has made a provision of Rs 532 crore in its budget for infusion of capital in Jammu & Kashmir Bank.

The private sector bank, in a BSE notice, said the capital will help maintain its capital adequacy ratio in line with regulatory guidelines and fund its future growth plans.

The bank will shortly work out the modalities for the capital infusion. As at December-end 2016, the state government had 53.17 per cent stake in the bank.

Published on January 24, 2017
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