Jammu and Kashmir Lieutenant Governor Manoj Sinha dismissed two government employees, both teachers, for their alleged links with terrorists. The action is part of Sinha's zero-tolerance policy against terrorism and a broader crackdown on the terror ecosystem within Jammu and Kashmir.
Vijay Kumar, the bank manager, was shot inside the premises on Thursday morning and died on the way to hospital.
The Enforcement Directorate questioned former Jammu and Kashmir chief minister Omar Abdullah for five hours on Thursday in connection with a case related to the purchase of a building by the J&K Bank about 12 years ago when he was in office, officials said in New Delhi.
Haseeb-a-Drabu, economic advisor to the Jammu and Kashmir government, will take charge as chairman and CEO of Jammu and Kashmir Bank on Thursday.
After inaugurating development projects worth nearly Rs 5,000 crore for boosting the agri-economy in the Union territory, Modi said he was "elated to be among the wonderful people of Srinagar".
Jammu & Kashmir Bank Ltd said the Bank is intending to offer stake in its equity holdings to foreign partner. However, no formal steps have been initiated at Board level in this respect.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
Srinagar-based Jammu and Kashmir Bank is keen to cross borders to set up branches in Pakistan Occupied Kashmir, Pakistan and Central Asian countries.
ICICI Bank has inked a pact with the Jammu and Kashmir Bank to share ATM network, providing the customers of both the banks access to about 2,000 ATMs in the country.
Jammu and Kashmir Bank Ltd has registered a 23.12 per cent rise in net profit to Rs 109.8 crore for the third quarter ended December 31, 2003, compared to Rs 89.18 crore in the same period last year.
Jammu and Kashmir Bank plans to invest Rs 1,000 crore (Rs 10 billion) in infrastructure projects in the state over the next 2-3 years, while targeting a net profit of over Rs 500 crore (Rs 5 billion) by 2004-05.
The Enforcement Directorate had filed the money laundering case after taking cognisance of a Central Bureau of Investigation FIR and chargesheet.
The terrorist was shot dead after he opened fire while trying to escape.
Akum Ao struck twice as Assam Rifles defeated J-K Bank 2-1 to qualify for the main draw of Osian's Durand Cup football tournament at Ambedkar Stadium in New Delhi on Friday.
She said attempts were being made to weaken the people of Kashmir politically and economically.
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