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Jammu and Kashmir Bank confirms compliant fund utilization from 2021-2023, per RBI guidelines
22-Oct-2026, 02:25

Jammu and Kashmir Bank has released a statement regarding the utilization of funds raised through various instruments including ESPS, QIP, and others, spanning from 2021 to 2023. The bank confirmed that there were no deviations in the utilization of these funds, which were primarily intended to meet the needs of growing business and maintain the Capital Adequacy Ratio as per the Reserve Bank of India's guidelines. The filings were made for the quarter ended September 30, 2026.