RBI hikes repo rate by 25 basis points to 6.5%
Mumbai: The Reserve bank of India’s (RBI’s) monetary policy committee (MPC) on Wednesday raised repo rate by 25 basis points (bps) to 6.5% on account of inflationary pressures arising due to hikes in minimum support prices for the crop. The six-member committee voted to maintain a neutral policy stance, thus keeping its options open for further […]
State Bank of India hikes FD interest rates, applicable from today
The State Bank of India on Monday revised its Fixed Deposit (FD) interest rates hiking it by 5 basis points to 10 basis points, thus raising it from 0.05 per cent to 0.1 per cent. The new rates will be applicable starting from July 30. With the revision of FDI rates, the bank is now […]
JK Bank Q1 net profit grows 75% to 52 Cr.
Srinagar, July 27: J&K Bank the premier financial institution and a listed entity of the state today declared a robust start to the Financial Year 2018-19 by posting a net profit of Rs 52.59 Cr for the first quarter ended June 2018 registering 75 pc increase over the net profit of Rs 30.19 Cr reported for the June quarter in […]
RBI holds the meeting of Steering Sub Committee of J&K SLBC to monitor IT enabled Financial inclusion
Jammu, July 25: Meeting of Steering Sub Committee of J&K SLBC, 10th in series, to monitor IT enabled Financial inclusion, FLCCs and Credit Plus activities was held here today. The meeting was chaired by Ashok Kumar Mattu, General Manager and Officer-in-Charge, RBI, Jammu and was also attended by Sunil Gupta, President, J &K SLBC, A. K. Pandey, […]
‘Celebration of Income Tax Day,J&K Bank to open business facilitation centers across J&K
Srinagar, : J&K Bank is planning to open Business Facilitation Centers at all the districts for startups and existing MSME businesses to promote inclusion in formal economy thereby enabling credit flow from banks. The said centers will also create awareness about financial discipline and facilitate the filing of Income Tax Returns by the businessmen across the […]
Srinagar: First Lady Mrs. Usha Vohra e-inaugurated the first “All Women Branch of J&K Bank” at a function organised at the SKICC today. Sh. Parvez Ahmad, Chairman J&K Bank was present on the occasion. Mrs. Vohra also inaugurated special services and products designed exclusively for women clients of the Bank, which included Pink Gold Saving […]
Lead bank Budgam holds workshop on potential linked plan 2019-20
Srinagar: Lead Bank Budgam in collaboration with NABARD conducted a sensitisation workshop on 9th of July 2018 at Conference Hall JK Bank Budgam. Representatives of government departments and the banks participated in the workshop. The main focus of the workshop was to discuss and strategise the Potential Linked Plan 2019-20, which forms the basis of […]
J&K Bank strengthens ties with Kashmir University
Srinagar,: Today we have taken our relationship with this prestigious institution to the next level by conferring the Most Preferred Client status to the University of Kashmir besides laying the foundation stone of a modern banking center comprising of a Business Unit and a Digital Lounge within the campus. With a promising beginning like this, we will only […]
India beats France to become world’s sixth largest economy
Paris/New Delhi: India has become the world’s sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India’s gross domestic product (GDP) amounted to USD 2.597 trillion at the end of last year, against USD 2.582 trillion for France. India’s economy rebounded strongly from July 2017, after several quarters of […]
JKBank opening 200 branches, aiming Rs 170000 Cr business in 2018-19: Parvez Ahmed
Srinagar, Jul 7: Our market share in the state is around 65 pc but that doesn’t make us complacent in any way. In fact, to increase our outreach we are going to open 200 more business touch points in J&K by the end of current fiscal. The Bank is on track to realise the organizational goals […]
