J&K Bank Eyes ₹1000 Cr Capital Raise via QIP

Jammu & Kashmir Bank Ltd announced that its Board of Directors has approved a proposal to raise equity share capital up to INR 1000 Crores. The fundraising will be conducted in one or more tranches through a Qualified Institutional Placement (QIP) mechanism. This move is subject to obtaining necessary approvals from the Bank's shareholders and relevant regulatory authorities. The decision was made during a board meeting held on August 11th, 2026.