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| J&K Bank shares increase by 15.64% in 5 days | | Confidence of investors boosted, Bank scaling new heights under MD Baldev Prakash’s leadership | |  Sanjay Pandita
Early Times Report
Jammu, Apr 28: The J&K Bank shares have increased by 15.64% in the past five days. Shares opened Rs 54.70 on Friday morning and closed on Rs 58.50.
The J&K Bank shares witnessing a gradual increase has boosted the confidence of the investors and has renewed their faith in the institution.
During the past few years, J&K Bank has scaled new heights under the leadership of Managing Director and Chief Executive Officer, Baldev Prakash and the entire team of the Bank.
Earlier this week J&K Bank bagged an award for outstanding contribution under PM Awas Yojana.
The award was given by Housing and Urban Development Corporation Ltd (HUDCO) for J&K Bank’s outstanding contribution towards the housing sector of the country under the Pradhan Mantri Awas Yojana (Urban) - Credit Linked Subsidy Scheme (CLSS) through various innovative initiatives.
In February this year J&K Bank emerged as Best MSME Bank for implementing various schemes for the benefit of the people.
It bagged the top award at MSME Banking Excellence Awards 2022 that was organised by Delhi-based Chamber of Indian Micro, Small and Medium Enterprises (CIMSME).
J&K Lieutenant Governor Manoj Sinha on many occasions has lauded the efforts of the Bank for reaching out to common people and helping them realize their aspirations.
J&K Bank has become the backbone of the economy of the Union Territory and has been playing a vital role in implementing the flagship programmes of the government. It has been facilitating self-employment opportunities for aspiring youth across J&K through tailor made credit schemes.
There has been a sustained improvement in institutional functioning. J&K Bank has become a common man’s bank as the Bank management has steered it through tough times taking it to the zenith of success by booking record profits, reducing NPAs and most importantly helping last man standing realise their entrepreneurial dreams.
The J&K Bank has become a prime example of how to take an institution to another level by putting a robust mechanism and management in place. |
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