The Jammu & Kashmir Bank Limited — Others, 20-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Jammu and Kashmir Bank Limited has provided a Statement of Deviation in the utilization of funds raised through various preferential issues amounting to Rs. 250 cr, Rs. 282 cr, Rs. 500 cr, Rs. 150 cr, Rs. 93.5 cr, Rs. 274.75 cr, and Rs. 750 cr. The report indicates that there has been no deviation or variation in the use of these funds for the quarter ended December 31, 2024. The funds were primarily allocated to meet growing business needs and maintain capital adequacy as per RBI guidelines. This consistency may foster a positive outlook among investors regarding the bank's operational management and financial stability.