The Jammu & Kashmir Bank Ltd.
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37.90 -0.35 ▼-0.9%

30 July 2021, 04:00:00 P.M.
Volume: 205,562

Overview View Details

Sector Banking Compare with Sector peers
Industry Bank - Private Compare with Industry peers
Website http://www.jkbank.net
Financial Indicators
Market Cap 2,718.25 Cr.
Earnings per share (EPS) 6.01 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 6.34 Trailing Twelve Months Ending 2021-03
Industry PE 26.24 Trailing Twelve Months Ending 2021-03
Book Value / Share 95.34 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.40 Calculated using Price: 38.10
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 71.35 Cr. 713,450,938 Shares
FaceValue 1
Company Profile

The Jammu & Kashmir Bank Ltd. was incorporated in 1938, and is listed on the NSE and the BSE. It functions as a universal bank in the Union Territories of Jammu & Kashmir and Ladakh and as a specialised bank in the rest of the country. It is also designated as RBI’s agent for banking business, and carries out the banking business of the Union Territories of Jammu & Kashmir and Ladakh, besides collecting central taxes for CBDT. J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home territory which results in higher margins despite modest volumes, and at the same time, seeks to capture niche lending opportunities on a pan-India basis to build volumes and improve margins. J&K Bank operates on the principle of 'socially empowering banking' and seeks to deliver innovative financial solutions for household, small and medium enterprises.

Business of the Bank

The Jammu & Kashmir Bank is engaged in banking Business. The Bank provides banking services, including CD's, educational loans, housing loans and car loans. The Bank also provides insurance services through a joint venture with MetLife India Insurance Company.

Products and Services of the bank

  • Personal Banking- Under this, it offers various products and services such saving accounts, loans, deposits, ATM facility, RTGS/NEFT facility, internet banking, demat services, etc.
  • NRI Banking- Besides various personal banking products, it also offers remittance services, consultancy services to its NRI Clients.
  • Priority and SME- It also caters to the priority and SME segments and offers various kinds of products to meet their various business requirements.

Milestones & Achievements

  • 2010: JK Bank inaugurates 144th ATM at ZainakoteJ&K Bank launches Operation Clean Up'JK Bank launches An Poshe Tele Yeli Wan Poshe Over 100 LPG connections distributed at Chandanwari, UriJK Bank ATM network reaches to 292J&K Bank inaugurates Khidmat centre at Barmeen, Udhampur.
  • 2011: J&K Bank inaugurates ATM in CTM premises KathuaJ&K Bank opens branch in Ashmuji KulgamJ&K Bank inaugurates new B/U premises at Lakhanpur, GhagwalJ&K Bank inaugurates RSETI at Poonch.
  • 2012: J&K Bank opens ATM in DPL Budgam: Donates projector, laptop to SKIMS.
  • 2013: J&K Bank bags two HR awardsJ&K Bank gets Best Bank Award.
  • 2017: JK Bank hires Delloitte as their overhaul Consultants.
  • 2019: The bank won the CSO100 Award for the year 2019 at a ceremony held in Pune, Maharashtra for adopting new ways of thinking to secure business assets with sophisticated tools and improved defenses.
  • 2020: Jammu & Kashmir Bank has received approval to raise capital upto Rs 1000 crore by way of Non-Convertible, Redeemable, Unsecured, Basel III Compliant, Tier 2 bonds in the nature of debentures (debentures) on a private placement basis
  • 2021: Jammu and Kashmir (J&K) Bank has received in-principle approval from board to transfer 8.23 per cent stake of J&K Government to Union Territory (UT) of Ladakh.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.92%
1 Week
+1.47%
1 Month
-6.07%
3 Month
+59.24%
6 Month
+38.57%
1 Year
+137.62%
2 Year
+5.28%
5 Year
-43.56%

Ratios View Details

9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 21.21 23.55 22.31 8.60 6.61 -28.50 3.83 8.03 -20.82
Return on Assets (%) 1.45 1.60 1.57 0.66 0.53 -2.01 0.24 0.49 -1.13
Net Interest Margin 3.11 3.29 3.50 3.73 3.68 3.29 3.42 3.55 3.81
Yield on Advances (%) 14.62 15.66 14.59 15.84 13.63 13.42 11.63 11.58 13.12

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 4,093 4,865 5,722 6,108 6,421 5,673 6,158 6,622 6,346
Minority Int.
Deposits 53,342 64,212 69,328 65,736 69,379 72,459 80,005 89,637 97,786
Borrowings 1,241 1,075 1,765 2,340 2,240 1,276 1,628 2,624 2,020
Other Liab. 1,588 1,583 1,797 1,726 2,214 2,604 1,894 2,522 2,678
Total Liab. 60,264 71,734 78,613 75,910 80,254 82,012 89,684 101,405 108,829
Fixed Assets 420 457 535 690 764 1,544 1,615 1,675 2,071
Investments 21,619 25,731 26,185 22,740 20,334 21,271 18,860 23,141 22,990
Advances 33,077 39,200 46,385 44,586 50,193 49,816 56,913 66,272 64,399
Cash & Bank 4,454 5,404 4,216 3,735 3,204 5,393 8,260 5,872 9,793
Other Assets 693 942 1,292 4,160 5,758 3,989 4,037 4,445 9,576
Total Assets 60,264 71,734 78,613 75,910 80,254 82,012 89,684 101,405 108,829

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Interest Earned 4,836 6,137 6,767 7,061 6,844 6,686 6,621 7,676 8,446
Other Income 335 485 393 599 509 497 501 817 509
Total Income 5,171 6,622 7,160 7,660 7,352 7,183 7,122 8,493 8,955
Operating Exp. -804 -992 -1,181 -1,416 -1,554 -1,716 -1,990 -2,485 -2,735
Provisions -169 -284 -147 -1,015 -976 -2,800 -1,261 -1,058 -2,625
PBIT 4,198 5,346 5,832 5,229 4,822 2,666 3,871 4,950 3,595
Interest -2,997 -3,820 -4,082 -4,409 -4,132 -4,173 -3,750 -4,291 -4,739
Tax -398 -471 -569 -312 -276 -126 82 -195 -39
PAT 803 1,055 1,181 508 414 -1,633 203 464 -1,183

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 1,177 1,280 -683 118 -219 2,457 2,363 -2,992 4,374
Cash Fr. Inv. -70 -86 -169 -261 -136 -861 -164 -165 -115
Cash Fr. Finan. -201 -243 -338 -338 -176 593 668 769 -339
Net Change 905 951 -1,189 -480 -531 2,189 2,867 -2,388 3,920
Cash & Cash Eqvt 4,454 5,404 4,216 3,735 3,204 5,393 8,260 5,872 9,793

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 59.23 59.23 59.23 68.18 68.18 68.18 68.18 68.18 68.18
Public 40.77 40.77 40.77 31.82 31.82 31.82 31.82 31.82 31.82
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 31 Jul 2021
Proceedings Of The Postal Ballot
a) Issue of equity shares on a preferential basis to Government of Jammu and Kashmir Promoter and Majority Shareholder of the Bank in accordance with Section 42 and Section 62 of the Companies Act 2013 read with the relevant rules thereunder and Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018.

b) Issue of shares to employees and whole time directors of the Bank.
Tue, 27 Jul 2021
RBI Approval To Government Of UT Of Ladakh To Acquire 4 58 29 445 Fully Paid Equity Shares Of The Bank
In continuation to our letter bearing reference no. JKB/BS/F3652/2021/154 dated 19th January 2021 and pursuant to the Government of Jammu and Kashmir Order SO 339 dated October 30 2020 regarding transfer of 8.23% shareholding in Jammu and Kashmir Bank (4 58 29 445 Equity Shares) as on 31st October 2019 to the UT of Ladakh please be informed that the Reserve Bank of India vide its letter DOR.HOL.No. S481/ 16.01.063/2021-22 dated 26th July 2021 has accorded its approval to Government of UT of Ladakh to acquire 4 58 29 445 fully paid up equity shares of Re. 1/- each i.e. 8.23% 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 (31st October 2019)
Fri, 23 Jul 2021
Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Jammu & Kashmir Bank Ltd has informed BSE regarding the details of Voting results of Postal Ballot under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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