J&K Bank shines on signing MoU with Administration of Ladakh union territory
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The Jammu & Kashmir Bank is currently trading at Rs. 57.05, up by 0.80 points or 1.42% from its previous closing of Rs. 56.25 on the BSE.
The scrip opened at Rs. 56.80 and has touched a high and low of Rs. 57.80 and Rs. 56.35 respectively. So far 413564 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 62.75 on 13-Dec-2022 and a 52 week low of Rs. 23.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 62.60 and Rs. 53.80 respectively. The current market cap of the company is Rs. 5504.47 crore.
The promoters holding in the company stood at 68.03%, while Institutions and Non-Institutions held 2.94% and 29.03% respectively.
Jammu & Kashmir (J&K) Bank has signed a memorandum of understanding (MoU) with the Administration of Ladakh union territory, conferring preferential status to each other. According to the MoU, the Ladakh UT Administration would nominate J&K Bank as 'preferred banker' for all its banking-related services, while as, J&K Bank would give the 'most favoured client' status to UT Administration and its active permanent employees who maintain their salary accounts with the Bank.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.
