Ind-Ra revises outlook of Jammu and Kashmir Bank's Tier II bonds to Negative

India Ratings and Research (P) Limited has reviewed the credit ratings assigned to Jammu and Kashmir Bank Ltd's Basel III compliant Tier II bonds programme of Rs. 2000 Crore (raised Rs. 1000 Crore) and assigned the rating of IND A+ with outlook revised to Stable from Negative.

Shares of The Jammu & Kashmir Bank Limited was last trading in BSE at Rs. 40.75 as compared to the previous close of Rs. 41.70. The total number of shares traded during the day was 346196 in over 1634 trades.

The stock hit an intraday high of Rs. 41.80 and intraday low of 40.65. The net turnover during the day was Rs. 14273410.00.

Source : Equity Bulls

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TheJammuandKashmirBank INE168A01041 IndRa RatingOutlook Revision