Shares of Jammu and Kashmir Bank jumped nearly 2% in the morning trade of October 5 after the bank saw a 15.88 percent jump in its advances during the June-Sept quarter, according to the business update released by the bank.
The Jammu and Kashmir Bank saw its advances go up by about 15.88%, reaching Rs 91,679.87 crore. This increase was higher than the overall banking system, which saw a 15.1% rise in loans up to September 8, 2023, according to the Reserve Bank of India.
At 10:40 AM the shares of the Jammu and Kashmir Bank were up 1.85%, or 1.95 at ₹107.55
