J&KBANK

Feb 5 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK - RECEIVES GST DEMAND OF 81.31 BILLION RUPEES

• JAMMU AND KASHMIR BANK LTD - BELIEVES DEMAND ORDER WILL HAVE NO MATERIAL IMPACT

Source text: ID:nNSE8QDd5j

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Jan 20 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• Q3 NET PROFIT 5.32 BILLION RUPEES

• Q3 GROSS NPA 4.08%

• Q3 INTEREST EARNED 32.06 BILLION RUPEES

• Q3 PROVISIONS AND CONTINGENCIES WRITE BACK 98 MILLION RUPEES

• Q3 PROVISIONS FOR NPA 227.6 MILLION RUPEES

Source text: ID:nBSE9YWYXf

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Jan 14 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RECEIVES ADMINISTRATIVE WARNING FROM SEBI

• SEBI WARNING PERTAINS TO APPOINTMENT OF AMITAVA CHATTERJEE AS MD, CEO

Source text: ID:nNSE1H9x3g

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Jan 6 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK - GROSS ADVANCES UP 5.98% Y/Y AS OF DEC-END

• JAMMU AND KASHMIR BANK - TOTAL DEPOSITS AS OF DEC-END UP 9.65% Y/Y

Source text: [ID:]

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Dec 30 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• AMITAVA CHATTERJEE JOINS J&K BANK AS MD & CEO

Source text: ID:nNSE9THS8Z

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Oct 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• TOTAL DEPOSITS AS OF SEPT 30 UP 8.96% Y/Y

• GROSS ADVANCES AS OF SEPT 30 UP 8.30% Y/Y

Source text for Eikon: ID:nBSE97rQ0g

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June 12 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• RE-APPOINTED ALTAF HUSSAIN KIRA AS CHIEF RISK OFFICER

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April 16 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• APPOINTED FAYAZ AHMAD GANAI AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE7GSvJQ

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April 8 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL TOTAL DEPOSITS UP 10.44% Y/Y AS OF MARCH END

• JAMMU AND KASHMIR BANK LTD - GROSS ADVANCES AS OF MARCH END UP 12.67% Y/Y

Source text for Eikon: ID:nBSEbBxrFJ

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April 5 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• PRATIK D PUNJABI RESIGNS AS CHIEF FINANCIAL OFFICER

Source text for Eikon: [ID:]

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April 2 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• SIGNED CORPORATE AGENCY AGREEMENT WITH NEW INDIA ASSURANCE COMPANY

• AGREEMENT SHALL BE OPERATIONAL/EFFECTIVE FROM APRIL 02, 2024

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March 12 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• CLARIFIES REPORT 'ENFORCEMENT DIRECTORATE ATTACHES PROPERTIES IN BANK FRAUD CASE' DOES NOT PERTAIN TO CO

Source text for Eikon: ID:nNSEbWy60

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By Siddhi Nayak and Dharamraj Dhutia

MUMBAI, Jan 5 (Reuters) - Diminishing lure for perpetual bonds is likely to prompt Indian state-run banks switch to the equity market for raising funds in coming months, five banking sources told Reuters this week.

Indian banks, including top lender State Bank of India, have raised around 87 billion rupees ($1.05 billion) through perpetual bonds so far this fiscal, just about a quarter of fiscal 2023, with most struggling to raise even the targeted amount at auctions.

"With deposit rates inching higher, banks will have to pay a higher coupon on their debt securities, especially with mutual funds staying away from investing in perpetual debt," a senior official at a large state-run bank said.

Market regulator Securities Exchange Board of India had in March 2021 said that additional Tier 1 bonds would be considered to have a deemed maturity of 100 years, starting April 2023.

"This move has literally ended mutual fund investments in such papers, making fundraising more difficult," a trader with a private bank said.

Demand for these bonds fell further last year, after Credit Suisse wrote off around $17 billion of its additional Tier 1 debt amid its rescue merger with UBS.

"There is a possibility that banks may tap the equity route more for fundraising as valuations will improve further, while getting large quantum with AT-I bonds has become difficult," another banker said.

The sources asked to remain anonymous as they were not authorised to speak to the media.

Last month, state-run lenders Bank of India BOI.NS and Indian Bank INBA.NS raised 45 billion rupees and 40 billion rupees, respectively, via qualified institutional placement (QIP) of shares.

A QIP enables fundraising by offering equity shares to qualified buyers without a public offering.

Union Bank of India UNBK.NS had raised 50 billion rupees through a QIP in August.

Last week, Punjab National Bank PNBK.NS approved raising aggregate 75 billion rupees via equity.

The Nifty PSU Bank index .NIFTYPSU rallied 32.30% in 2023, outperforming the bank index .NSEBANK and financial services index .NIFTYFIN.

"State-run banks have cleaned up their balance sheets well and their valuations are still at a discount," said Vinod Nair, head of research at Geojit Financial Services.

($1 = 83.1650 Indian rupees)

(Reporting by Siddhi Nayak and Dharamraj Dhutia; Editing by Swati Bhat and Varun H K)

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Jan 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL TOTAL DEPOSITS UP 9% Y/Y AS OF DEC 31

• JAMMU AND KASHMIR BANK LTD - PROVISIONAL GROSS ADVANCES UP 14.13% Y/Y AS OF DEC 31

Source text for Eikon: ID:nBSEcdpbPS

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Dec 15 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• APPROVED ISSUE PRICE TO QUALIFIED INSTITUTIONAL BUYERS AT 107.60 RUPEES PER SHARE

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** Shares if India's Jammu & Kashmir Bank JKBK.NS rise as much as 6.95% to 133.90 rupees, highest since Feb. 2015

** Co approved opening of stake sale to qualified institutional buyers on Monday at a floor price of 112.66 rupees per share

** Floor price represents a discount of 10% from JKBK's close on Monday

** Co will decide on the stake sale price on Dec. 14

** JKBK up 141% vs 29% gains in Nifty public sector bank index .NIFTYPSU

(Reporting by Sethuraman NR in Bengaluru)

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Updates shares, adds company response

** Shares of India's Jammu & Kashmir Bank JKBK.NS recovers after falling as much as 2.7% to 107.20 rupees, its steepest intraday drop in over a month

** Earlier in the day, local media said country's financial crime-fighting agency has conducted raids in six locations in Srinagar in connection to a money laundering case for more than 2.50 billion rupees ($30 million)

** Company's name misquoted in media report regarding ED raids, JKBK told Reuters in emailed response

** Stock last up 0.1%, YTD gains at ~91%

($1 = 83.3440 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Oct 20 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• Q2 NET PROFIT 3.81 BILLION RUPEES VERSUS PROFIT 2.43 BILLION RUPEES

• Q2 GROSS NPA 5.26% VERSUS 5.77% PREV QUARTER

• Q2 NET NPA 1.04% VERSUS 1.39% PREV QUARTER

• Q2 INTEREST EARNED 27.64 BILLION RUPEES VERSUS 22.99 BILLION RUPEES

• Q2 PROVISIONS AND CONTINGENCIES WRITE-BACK 99.4 MILLION RUPEES VERSUS PROVISION MADE 769 MILLION RUPEES

• Q2 BAD LOAN PROVISION WRITE-BACK 65 MILLION RUPEES VERSUS WRITE-BACK 169 MILLION RUPEES YEAR AGO

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Oct 17 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• TO CONSIDER RAISING OF EQUITY CAPITAL OF THE BANK

Source text for Eikon: ID:nBSE9mzN82

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Oct 4 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• SEPT QUARTER PROVISIONAL TOTAL DEPOSITS UP 9.40% YOY

• PROVISIONAL TOTAL BUSINESS FOR SEPT-QUARTER UP 12.03% YOY

Source text for Eikon: ID:nBSE1yYRSN

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July 24 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• JUNE-QUARTER NET PROFIT 3.26 BILLION RUPEES VERSUS PROFIT 1.66 BILLION RUPEES

• JUNE-QUARTER GROSS NPA 5.77% VERSUS 6.04% PREV QUARTER

• JUNE-QUARTER INTEREST EARNED 26.57 BILLION RUPEES VERSUS 21.03 BILLION RUPEES

• JUNE-QUARTER NET NPA 1.39% VERSUS 1.62% PREV QUARTER

• JUNE-QUARTER PROVISIONS AND CONTINGENCIES 767.3 MILLION RUPEES VERSUS 1.45 BILLION RUPEES

Source text for Eikon: ID:nBSE1TfFpZ

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July 11 (Reuters) - Jammu and Kashmir Bank Ltd JKBK.NS:

• TO CONSIDER RAISING OF CAPITAL (TIER I/TIER II) DURING FINANCIAL YEAR 2023-24

Source text for Eikon: [ID:]

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