J&K Bank posts Rs 243 crore net profit, rises by 119% YoY
The Jammu and Kashmir Bank on Friday posted a 119 per cent growth in its net profit to Rs 243.49 crore for the quarter ended September 30 against Rs 111.09 crore in the year-ago period.
The Jammu and Kashmir Bank on Friday posted a 119 per cent growth in its net profit to Rs 243.49 crore for the quarter ended September 30 against Rs 111.09 crore in the year-ago period.
Anti Corruption Bureau registered a Preliminary Enquiry on allegations that the officials of the bank's branches at Mumbai's Mahim and Delhi's Ansal Plaza had sanctioned loans to the tune of Rs 800 crore in favour of REI Agro on the basis of fake documents and in violation of the laid-down banking procedure.
"He shall hold office during the pleasure of Reserve Bank of India, and subject thereto, for a period of two years up to July 2, 2021 or till further orders, whichever is earlier", reads the order.
Immediately after the registration of FIR, searches of premises of Corporate Office J&K Bank Head Quarters and during search operations documents pertaining to the appointments were seized.
A spokesman of the state government said on Saturday evening that the J&K Bank has also been directed repeatedly by the Reserve Bank of India (RBI) to separate the positions of Chairman and Managing Director for better governance.
Jammu and Kashmir bank recruitment 2018: Interested candidates should apply online at the official website-www.jkbank.com
Jammu and Kashmir bank recruitment 2018: Candidates can check the notification on the official website-www.jkbank.com. The application process for the same will begin on October 20, 2018.
Gunmen looted Rs.3 lakh from a bank in Jammu and Kashmir's Shopian district on Thursday, police said. The robbers entered…
