J&K Bank: No Deviation in Funds Raised via Preferential Issue

Jammu & Kashmir Bank Ltd. reports no deviation or variation in the utilization of funds raised through preferential issues on March 20, 2017 (₹250 crores), June 7, 2017 (₹282 crores), and March 31, 2020 (₹500 Crores). The funds were intended to meet the needs of growing business, including long-term capital requirements and maintaining the Capital Adequacy Ratio as per RBI guidelines. The report, filed for the quarter ended March 31, 2026, indicates that the funds were utilized as originally intended, with no modifications to the original objectives or allocations.