Jammu and Kashmir Bank files SEBI LODR Regulation 32 compliance statement confirming no deviations in fund utilization.
Reports cover five separate capital raises totaling ₹2,168.25 crores between 2017-2023 through preferential issues, QIP, and ESPS.
All funds were fully utilized for business growth and maintaining Capital Adequacy Ratio as per RBI guidelines.
Audit Committee and auditors confirm no deviations with nil comments across all fund raise instances.