The Reserve Bank of India has accorded its approval to the Government of the Union Territory (UT) of Ladakh to acquire 8.23 per cent of the paid-up equity capital of Jammu and Kashmir Bank Ltd as on the date of enforcement of Jammu and Kashmir Reorganisation Act, 2019 ( October 31, 2019). This move follows the Government of Jammu and Kashmir’s October 30, 2020, Order regarding the transfer of 8.23 per cent shareholding (about 4.58 crore equity shares) in Jammu and Kashmir Bank as of October 31, 2019, to the UT of Ladakh.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The bank, which declared its financial results on July 14, reported a net profit of ₹317 crores in the fourth quarter ended March 31, 2021, against a net loss of ₹294 crores in the year-ago quarter and a net profit of ₹66 crores in the December 2020 quarter.
Important takeaways for all competitive exams:
NASA has announced the crew for the Artemis III mission which is scheduled for the…
The renowned filmmaker Bharathi Rajaa was passed away in Chennai at the age of 84.…
On 9th of June, 2026 India had achieved the successful breakthrough of the main tunnel…
Honorable Prime Minister Narendra Modi is set to embark a six day visit to France…
Union Home Minister Amit Shah has launched the Land Port Management System (LPMS) ‘VINIMAY’ in…
The Reliance Industries Limited (RIL) and Meta Platforms have announced the strategic partnership to establish…