Of 390 branches, 274 fully functional in valley: JK Bank

Written By Unknown on Rabu, 17 September 2014 | 12.44

Relief operations continue across the flood-hit Jammu and Kashmir with water levels largely receding in the area. However, Mushtaq Ahmad of J&K Bank adds that movement within the city is still difficult and hence reaching out to the rest of the branches is difficult.

As many as 274 branches of total 390 of  Jammu and Kashmir Bank are fully functional in the valley and 169 ATMs are on track, says Jammu and Kashmir Bank chairman and chief executive officer Mushtaq Ahmad.

Relief operations continue across the flood-hit Jammu and Kashmir with water levels largely receding in the area. However, he adds that movement within the city is still difficult and hence reaching out to the rest of the branches is difficult. 

Also Read: Anger mounts in Kashmir after worst flood in over century

He expects over the next two days, many other branches will become fully functional.

Also, insurance companies such as Bajaj Alliance have already moved to south Kashmir.

Stay tuned for more...

JK Bank stock price

On September 17, 2014, at 11:12 hrs Jammu and Kashmir Bank was quoting at Rs 140.00, up Rs 0.60, or 0.43 percent. The 52-week high of the share was Rs 1995.00 and the 52-week low was Rs 136.20.


The company's trailing 12-month (TTM) EPS was at Rs 20.72 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 6.76. The latest book value of the company is Rs 118.07 per share. At current value, the price-to-book value of the company is 1.19.


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