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The latest announcement is out from Jammu & Kashmir Bank Ltd. ( ($IN:J&KBANK) ).
India Ratings and Research has affirmed the ‘IND AA-/Stable’ rating for Jammu & Kashmir Bank Limited’s long-term issuer rating and Basel III compliant Tier II bonds. The bank’s healthy profitability, supported by improved cost-to-income ratios and adequate provisioning, underpins this rating. Despite improvements in asset quality, concerns remain over elevated SMA-1 and SMA-2 levels. The bank’s strategic importance to the regional government and its efforts to grow outside the J&K region are noted, alongside a modest CET-1 ratio that meets regulatory requirements.
More about Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank Limited is a private sector bank operating primarily in the financial services industry. It plays a strategic role in the financial ecosystem of the Jammu, Kashmir, and Ladakh regions, with a strong presence in these areas. The bank offers a range of banking products and services and is working to expand its reach beyond the J&K region.
Average Trading Volume: 357,507
Current Market Cap: 115.7B INR
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