Srinagar, Oct 22: Jammu and Kashmir Managing Director and CEO Amitava Chatterjee on Thursday defended the surcharge on UPI transactions above Rs 2,000, saying it was necessary for maintaining the fledgling system. Chatterjee said it is a misconception that someone is trying to earn from the UPI transaction surcharge. “You can understand the magnitude of … Read more
Srinagar, Oct 22: Jammu and Kashmir Bank on Thursday reported a 10.6 per cent rise in net profit to Rs 546.36 crore for the second quarter ended September 30, driven by earnings growth and improvement in asset quality. The bank earned Rs 494.11 crore net profit in the year-ago period. Sequentially, its profits surged 28.8 … Read more
Jammu & Kashmir Bank reported a 12.5% YoY decline in Q1FY27 standalone net profit to ₹424.18 crore, driven by increased tax expenses and higher standard asset provisions despite robust 25% credit growth and total business crossing ₹3 trillion. Jammu & Kashmir Bank reported a 12.5% year-on-year decline in standalone net profit for the quarter ended … Read more
Bank Unions reaches understanding with IBA NEW DELHI, SEPT 27: The United Forum of Bank Unions (UFBU) has decided to defer its proposed strike action and further agitation programmes after reaching an understanding with the Indian Banks’ Association (IBA) on a set of issues concerning bank employees and officers. The decision was announced through UFBU … Read more
Bank posts record 2,363-Cr profit Srinagar, Sep 22: Jammu and Kashmir Bank is set to restart recruitment of banking assistants and officers after a gap of five years, with a recruitment notification likely to be issued within days, Managing Director and CEO Amitava Chatterjee said on Tuesday. Chatterjee made the announcement while responding to a … Read more
Srinagar, Sep 21 : The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Monday registered a case against a former branch manager of Grameen Bank for allegedly committing financial irregularities by misusing his official position. A spokesperson of the ACB said the anti-graft agency has registered an FIR against Arvind Saini, the former Reban branch head … Read more