Jammu Kashmir Bank Board Clears Rs 1250 Crore Capital Raise to Bolster Growth | Kashmir Life

SRINAGAR: Jammu and Kashmir Bank has said the Board-of-Directors has approved a capital raise of up to Rs 1250 crore to reinforce its balance sheet and support the institution’s future expansion plans. The decision was taken at a Board meeting held on November 26, 2025.

In a regulatory filing, the Bank said the capital raise will include Rs 750 crore of equity share capital through a Qualified Institutional Placement to be executed in one or more tranches. It will also involve Rs 500 crore to be mobilised through the issuance of non-convertible, redeemable, unsecured, BASEL III-compliant Tier 2 bonds in the form of debentures on a private placement basis. The Bank said the proposals remain subject to the requisite regulatory clearances.

Managing Director and Chief Executive Officer Amitava Chatterjee said the Board’s approval reflects confidence in the Bank’s current direction. He said the fresh capital will help strengthen capital adequacy and provide a stronger base for expansion across key sectors. According to him, the infusion would also enhance the Bank’s ability to absorb risk and reinforce its long-term goals of improved asset quality, profitability and value for shareholders.

Chatterjee said the leadership is focused on building a resilient and future-ready institution by ensuring that the Bank is positioned to meet both business needs and regulatory expectations in the years ahead.