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RBI hikes repo rate to 6.25%

Reserve Bank of India hikes Repo Rate by 25 bps to 6.25%. Reverse Repo rate at 6%. The central bank announced its bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude oil prices. The RBI projects inflation for 2018-19 at 4.8- 4.9% in first half and 4.7% in the […]

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Sensex down over 200 pts

Benchmark Sensex tanked over 215 points to close at 35,011.89 today as cautious investors trimmed their portfolios amid the RBI’s monetary policy meeting getting underway. The RBI’s Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half […]

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M.K. Jain appointed RBI Deputy Governor

Former IDBI Bank MD and Chief Executive M.K Jain was on Monday appointed a new Deputy Governor of the Reserve Bank of India (RBI) for a period of three years, an official statement said. The appointment was made by the Financial Sector Regulatory Appointment Search Committee, which includes the Reserve Bank of India (RBI) Governor, […]

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Subsidised LPG cylinders get costlier by Rs 2.34, non-subsidised see Rs 48 hike

New Delhi: In yet another blow to the common man after the continuous hike in fuel prices in the past few weeks, the prices for Liquefied Petroleum Gas (LPG) increased by Rs 2.34 and Rs 48 for subsidised and non-subsidised cylinders respectively in the national capital on Friday. The new price for subsidised (Rs 14.2/Kg) cylinder […]

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J&K Bank elevates 2 officers as Executive Presidents, promotes AE’s and BA’s

  Srinagar, : Continuing its major succession planning exercise, J&K Bank today elevated two of its Presidents Pushap Kumar Tickoo and Rajesh Kumar Chibber to the level of Executive President (EP). Besides, the bank also promoted 764 Associate Executives to Executive cadre and 69 Banking Attendants to the post of Assistant Banking Associate. Notably, only a […]

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Basharat Bukhari welcomes hike in import duty on shelled walnut, almond

SRINAGAR,: Minister for Horticulture, Law, Justice and Parliamentary Affairs, Syed Basharat Ahmed Bukhari, today welcomed the central government’s decision raising import duties up to 100 percent on five products, including shelled almond and walnut. Thanking the central government for the decision, the Minister said that this move will protect the domestic growers and give them […]

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Consequent to waiving off stamp duty, J&K Bank announces rebate for women borrowers

Srinagar,: In line with recent decision of state government to waive off stamp duty on the purchase of immovable property registered in the name of women in the state, J&K Bank today announced reduction in rate of interest in various loan schemes to women borrowers. Besides, the bank announced ‘Ladies Special Branches’ one each in […]

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Bank unions threaten 2-day nation-wide strike from May 30

New Delhi: Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30 against “a meagre” 2 per cent hike offered by the management body, Indian Banks’ Association (IBA). During the negotiations held on May 5, IBA made two unacceptable propositions including an offer of 2 per cent hike in the […]

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Cheshma Shahi gets JK Bank ATM

Srinagar, Apr 10: With a view to facilitating tourists, local visitors and general public, J&K Bank today commissioned an Automated Teller Machine (ATM) at Cheshma Shahi – one of the famous Mughal gardens and a major tourist destination in Srinagar connected by the Boulevard Road which passes along the banks of the Dal Lake. J&K Bank […]

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Parvez Ahmed lays foundation stone of J&K Bank Complex at IGC Samba

Srinagar, : J&K Bank Chairman and CEO Parvez Ahmed today laid the foundation stone of the Bank’s Complex at Industrial Growth Centre, Samba in presence of the Deputy Commissioner Samba, SSP Samba, Vice Presidents of the Bank, officials of SIDCO and leading industrialists of the IGC Samba besides prominent citizens of the area. J&K Bank complex […]

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