Wednesday, July 2, 2025
21.3 C
Srinagar

J&K Bank presents dividend cheques to Lt Governor Manoj Sinha

Srinagar: Initiating the payment of dividend to share-holders of J&K Bank after seven years, MD & CEO Baldev Sh Prakash today presented two cheques worth Rs 28.57 Cr and Rs 1.84 Cr to J&K Government, its promoter and major share-holder.

MD & CEO handed over the dividend cheques for the FY 2022-23 to Lieutenant Governor Shri Manoj Sinha in presence of Chief Secretary, Dr Arun Kumar Mehta; Principal Secretary Finance, Santosh D Vaidya; Principal Secretary to Lt Governor, Dr M K Bhandari and Bank’s General Manager Government Business, Syed Rais Maqbool.

Pertinently, the Bank approved 50% dividend for the financial year 2022-23 at its 85th AGM.

While lauding J&K Bank for its recent performance on the occasion, the Lt Governor Shri Manoj Sinha also appreciated the Bank for its major contribution in the financial empowerment of people besides the critical role in the economic development of Jammu and Kashmir.  He further said, “J&K Bank has performed well during the last financial year, and we expect it to continue its growth while extending the best banking services and empowering people financially in the future.”

Chief Secretary, Dr Arun Kumar Mehta commended the Bank for its role towards saturation of self-employment in J&K. Expressing pleasure over the sustained surge in Bank’s share price, he said, “With most of its financial parameters improving during the last many quarters, it is quite a comforting sign for investors to see the Bank’s shares trading above Rs 100.”

Earlier, MD & CEO Baldev Prakash thanked the UT Government led by Lt Governor Manoj Sinha for support, guidance and gave a brief overview of the Bank’s performance and future plans. “Backed by the continued support and guidance of the UT Government, we are mostly on trajectory to achieve our annual targets. We remain committed to provide best banking services to the people while working diligently towards realizing the UT Government’s mission of Inclusive, equitable and sustainable economic growth in J&K”, he said.

Meanwhile, continuing its bullish trend the Bank’s share-price today closed at Rs 104.60, thereby earning 214% in returns for its investors during the last one year.

Hot this week

Lieutenant Governor flags off fleet of ambulances for Hospitals in Ramban and Anantnag Districts

SRINAGAR, JULY 01: Lieutenant Governor Shri Manoj Sinha today...

Man Arrested For Using Fake Yatra Card At Baltal: Police

Srinagar, July 1: Police on Tuesday said that in...

LG Sinha chairs high-level meet to discuss issues of terror victim families

Directs officials to reopen cases buried deliberately, free terror...

FFRC Directs Private Schools in J&K to Stop Forcing Advance Fee Payments

Srinagar, Jun 11,: The Committee for Fixation of Fee...

Topics

Man Arrested For Using Fake Yatra Card At Baltal: Police

Srinagar, July 1: Police on Tuesday said that in...

LG Sinha chairs high-level meet to discuss issues of terror victim families

Directs officials to reopen cases buried deliberately, free terror...

FFRC Directs Private Schools in J&K to Stop Forcing Advance Fee Payments

Srinagar, Jun 11,: The Committee for Fixation of Fee...

Authorities Reclaim ‘Encroached’ State Land in Beerwah Operation

Beerwah, Jul 1,: In a significant move to reclaim...

PDPs ‘People Centric’ Protest Foiled by Police in Srinagar

Srinagar, Jul 1,: Authorities on Tuesday thwarted a scheduled...
spot_img

Related Articles

Popular Categories

spot_imgspot_img