'The way the bank is doing in the past 4-5 quarters, no reason to see why we will not be able to achieve that.'
Finance Minister Nirmala Sitharaman on Wednesday said the Union Budget strikes a fine balance between growth, employment, and fiscal consolidation, and promotes cooperative federalism. Replying to the discussion on the Union Budget 2024-25 and Union Territory of Jammu and Kashmir Budget in Rajya Sabha, the minister said the government is on track to achieve the pre-announced fiscal deficit target of 4.5 per cent by 2025-26. Sitharaman, also a former defence minister, said the Agniveer Scheme to recruit people in the age group of 17.5 to 21 years, is aimed at keeping the armed forces fit, young and battle-ready.
If the banks throw caution to the winds for building loan books, the hydra-headed bad loans may resurface and spoil the party, warns Tamal Bandyopadhyay.
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.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
Union Finance Minister Nirmala Sitharaman will review the performance of regional rural banks (RRBs) after the Budget session of Parliament, according to two people familiar with the matter. The finance minister will review the performance of RRBs after August 13. The review will include discussions on enhancing the digital capabilities of RRBs, said a senior government official.
Fundraising through qualified institutional placement (QIP) has revived this year, led by commercial banks, after a lacklustre 2022. According to data compiled by Prime Database, Indian companies have raised Rs 53,070 crore in 2023 so far, of which seven banks - Union Bank of India, Indian Bank, Bank of India, Federal Bank, IDFC First Bank, Bank of Maharashtra, and J&K Bank - account for Rs 21,290 crore, or about 40 per cent. If other financial institutions are included, the figure surges to Rs 26,690 crore.
HDFC Bank has hiked its benchmark prime lending rate (BPLR) by 0.25 per cent to 15.25 per cent with immediate effect.
Srinagar-based Jammu and Kashmir Bank is keen to cross borders to set up branches in Pakistan Occupied Kashmir, Pakistan and Central Asian countries.
Preliminary estimates have revealed that the gunmen managed to take away nearly Rs 10 lakh.
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
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 Supreme Court on Thursday refused to examine a public interest litigation (PIL) seeking a judicial probe into the April 22 Pahalgam terror attack in which 26 people were killed.
The mortal remains of the individual were found on Tuesday morning, an official statement said. It was shifted to a hospital for post mortem and other procedures as per the norms.
For the ninth consecutive night, Indian and Pakistani troops engaged in small arms fire along the Line of Control (LoC) in Jammu and Kashmir, continuing a pattern of heightened border tensions. The skirmishes, initiated by Pakistani troops in violation of the ceasefire agreement, have led to a tense situation along the LoC and International Border (IB). The incidents come in the wake of the April 22 terror attack in Pahalgam, which claimed the lives of 26 people, mostly tourists. Civilians residing near the border have begun preparing their bunkers, anticipating potential escalation. Despite a recent hotline conversation between the Directors General of Military Operations (DGMOs) of India and Pakistan, where India cautioned Pakistan, the ceasefire violations persist.
A team of experts involved in rescuing eight people trapped in a partially collapsed tunnel in Telangana have reached the end of the tunnel, but debris is hindering further progress. The rescue operation, described as one of the most complex in the world, continues with experts from the Indian Army, Navy, NDRF, and GSI working tirelessly to find a breakthrough. Despite continuous efforts and oxygen pumping, there has been no contact with the trapped individuals.
South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.
As sludge started solidifying inside the Srisailam Left Bank Canal tunnel in Telangana, rescuers are planning to use sniffer dogs to locate those got trapped, District Collector B Santhosh said on Wednesday.
It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
'The NIA has shared with states concerned a list of 125 suspected activists who have close links with the JMB leadership'
Rescue efforts to locate eight people trapped in a collapsed tunnel in Telangana continue, with over 500 rescuers working on a war footing. Despite days of intensive search and rescue operations, no breakthrough has been achieved yet. Authorities have dismissed reports of bodies being found in the debris and are working to clear the debris and access the trapped workers. The tunnel collapse occurred on February 22, trapping eight personnel working on the Srisailam Left Bank Canal (SLBC) tunnel project. Among the trapped are two engineers, two operators, and four laborers.
"You may probably see some more liquidity controls like the CRR being altered again...if oil prices go beyond tolerable levels..," J&K Bank's Chairman and Chief Executive Officer, Haseeb A Drabu, told reporters on the sidelines of a seminar in Mumbai.
'Right now, we have no relationship with Pakistan. And the relationship with China is not great.'
Are MoShah laying the ground for Shinde to take a national role, move to Delhi as a Union minister, paving the way for Ajit Pawar to take over as Maharashtra chief minister?
'It was inspired by the Hamas attack and was like their attack -- well planned and well executed.'
Both candidates have shifted from their traditional constituencies - Sadhotra from Marh and Sharma from Akhnoor - after these two segments were reserved for Scheduled Castes.
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana
Assam Rifles and J & K Bank will face off on October 26 for a spot in the main draw of the Osian's Durand Cup tournament in New Delhi.
Telangana Minister J Krishna Rao told reporters that the chances of survival under the circumstances are "not that good."
'The government has to explain (to the army, air force and navy chiefs) whether they want a punitive strike, a deep punitive strike, or whether they want limited war or an all-out war, will it be a circumscribed war or will it be a shallow attack along the border.'
'I want to break the notion that models can't act.'
'There will be no change of seats for Delhi, Assam and Maharashtra.' 'Andhra, J&K, Kerala, Punjab, Karnataka, Tamil Nadu, Odisha, West Bengal and Telangana will lose seats while there will be an increase for MP, UP, Bihar, Haryana, Gujarat and Chhattisgarh.' 'It is a big mistake if you make it a north-south issue.'
This is the first time ICICI Bank has gone for a share split.
'We want to ensure that no government in J&K will be formed without our support.'
'INDIA will easily cross 50 seats out of 90 in Jammu and Kashmir.'
So far 14 Kashmiri Pandits have filed nominations to contest from the valley for the upcoming Jammu and Kashmir assembly elections, aiming to ensure the return and rehabilitation of their fellow community members, whose number run up to 3 lakh.
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
