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India Ratings affirms Jammu and Kashmir Bank's rating and Tier II bonds at IND AA-/Stable
20-Aug-2026, 03:53
Jammu and Kashmir Bank Ltd announced that India Ratings and Research has reviewed and affirmed its Long-term Issuer rating as IND AA -/Stable and also affirmed its Basel III compliant Tier II bonds, initially issued with a size of INR 35,000 million, now reduced to INR 25,000 million, with a rating of IND AA -/Stable; no enhancements, assignments, or withdrawals were noted regarding either instrument.
Jammu and Kashmir Bank Ltd announced that India Ratings and Research has reviewed and affirmed its Long-term Issuer rating as IND AA -/Stable and also affirmed its Basel III compliant Tier II bonds, initially issued with a size of INR 35,000 million, now reduced to INR 25,000 million, with a rating of IND AA -/Stable; no enhancements, assignments, or withdrawals were noted regarding either instrument.