Jammu and Kashmir Bank board approves INR 1250 crores capital raise

The Board of Directors of Jammu and Kashmir Bank approved plans to raise capital totaling INR 1250 crores. The initiative, outlined in their letter dated November 20, 2025, aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The capital raising includes INR 750 crores through equity share capital via Qualified Institutional Placement (QIP). This is subject to approvals from shareholders and other relevant regulatory bodies.

Additionally, the Bank plans to raise INR 500 crores through non-convertible, redeemable, unsecured, BASEL III compliant, TIER 2 bonds. These debentures will be issued on a private placement basis, contingent on regulatory clearances.