Jammu & Kashmir Bank Friday said its board will meet next week to consider raising Rs 1,600 crore during the current financial year.
“The board of directors shall… Consider the raisingof capital (ATI/tier II) to the tune of Rs 1,600 crore during the financialyear 2019-2020 in the meeting scheduled for May 15, 2019,” J&K Banksaid in a BSE filing.Shares of Jammu & Kashmir Bank were trading4.16 percent higher at Rs 55.10 a piece on BSE.