Committed to ensure smooth business continuity, Mr. Sudhanshu Pandey, Chairman of the Apex management committees of the J&K Bank, held a series of deliberations and interactive sessions with the prominent Foreign Institutional Investors (FIIs) and reputed financial analysts in Mumbai.
Pandey apprised the investors and the analysts that the management of Bank values their relationship and is committed to maximize value for all its stakeholders. He also reiterated State Government's support to the management of the Bank to run the Institution along professional lines. The investors appreciated the proactive steps taken by the management of the bank for smooth transition of leadership. They also valued Pandey's assurance that the Bank would continue to soar new heights in profitability and overall growth under the new leadership.
Notably, reputed FIIs hold 30% stake in the Bank next only to State Government, which owns 53% of the Bank's shares.
Meanwhile, J&K Bank share price today witnessed rise of Rs.13 at National Stock Exchange (NSE) and Rs.11 at Bombay Stock Exchange (BSE), as it closed at Rs.771 and Rs.770 at these exchanges respectively. Around 6 lakh shares were traded during the day.