J&K bank Jun-24

<p>B-tech from IIT-Kharagpur (A)</p> Signup and view all the answers

<p>Forensic Auditing (D)</p> Signup and view all the answers

<p>MBBS with Gold Medal (D)</p> Signup and view all the answers

<p>IT development and management (A)</p> Signup and view all the answers

<p>Naba Kishore Sahoo (D)</p> Signup and view all the answers

<p>1980s (A)</p> Signup and view all the answers

<p>Global CSR Excellence &amp; Leadership Award (B)</p> Signup and view all the answers

<p>Impactful CEO - 2023 (A)</p> Signup and view all the answers

<p>2023 at the Agriculture Leadership Conclave (A)</p> Signup and view all the answers

<p>4 crore (D)</p> Signup and view all the answers

<p>Q1 of 2025 (C)</p> Signup and view all the answers

<p>Exceptional Financial Services (B)</p> Signup and view all the answers

<p>Listing on Stock Exchanges (B)</p> Signup and view all the answers

<p>To serve as a general informational resource (B)</p> Signup and view all the answers

<p>Forward-looking statements (C)</p> Signup and view all the answers

<p>Changes in law and legal risks (C)</p> Signup and view all the answers

<p>The reliance is at the individual's own risk. (C)</p> Signup and view all the answers

<p>The stability of non-performing loans (B)</p> Signup and view all the answers

<p>Investment income and cash flow projections (B)</p> Signup and view all the answers

<p>1938 (D)</p> Signup and view all the answers

<p>Potential divergence from actual results (A)</p> Signup and view all the answers

<p>832 (D)</p> Signup and view all the answers

<p>Changes in the internal and external environment (D)</p> Signup and view all the answers

<p>Government of Jammu and Kashmir (A)</p> Signup and view all the answers

<p>Retail, corporate, agriculture, and MSME (A)</p> Signup and view all the answers

<p>132 (D)</p> Signup and view all the answers

<p>Agency Bank (A)</p> Signup and view all the answers

<p>JKB Financial Services Limited (C)</p> Signup and view all the answers

<p>22 (B)</p> Signup and view all the answers

<p>Avoiding slippages and maintaining NPA levels (C)</p> Signup and view all the answers

<p>528.05 ₹ crore (D)</p> Signup and view all the answers

<p>CRAR (Capital to Risk-Weighted Assets Ratio) (A)</p> Signup and view all the answers

<p>Standard (D)</p> Signup and view all the answers

<p>Increasing CASA Deposit Base (C)</p> Signup and view all the answers

<p>326.45 ₹ crore (D)</p> Signup and view all the answers

<p>The coverage of NPA by provisions (D)</p> Signup and view all the answers

<p>Real estate development (A)</p> Signup and view all the answers

<p>Decrease from 4.08% to 3.91% (A)</p> Signup and view all the answers

<p>Cost of Funds (B)</p> Signup and view all the answers

<p>Increased customer penetration (A)</p> Signup and view all the answers

<p>1,530.68 ₹ crore (A)</p> Signup and view all the answers

<p>Treasury and Financial Services interventions (D)</p> Signup and view all the answers

<p>0.79% (B)</p> Signup and view all the answers

<p>Personal Finance (C)</p> Signup and view all the answers

<p>7.11% (B)</p> Signup and view all the answers

<p>Against Cash Collaterals (A)</p> Signup and view all the answers

<p>₹98,579.79 crore (B)</p> Signup and view all the answers

<p>38.45% (B)</p> Signup and view all the answers

<p>Government Securities (B)</p> Signup and view all the answers

<p>Mar-24 to Jun-24 (D)</p> Signup and view all the answers

<p>72% (C)</p> Signup and view all the answers

<p>5.23% (C)</p> Signup and view all the answers

<p>Against Cash Collaterals (D)</p> Signup and view all the answers

<p>Development Leadership Award (B)</p> Signup and view all the answers

<p>₹33,955.15 crore (A)</p> Signup and view all the answers

<p>Jun-24 (B)</p> Signup and view all the answers

Statements that predict future performance or outcomes, often using words like "will", "expect", or "aim".

Factors that could potentially cause actual results to differ significantly from the predictions made in forward-looking statements.

A measure of the amount of money owed to a lender that is unlikely to be repaid.

The process of setting aside funds to cover potential losses from loans that may not be repaid.

Financial data that is based on estimates and predictions about the future, not actual historical information.

Jammu and Kashmir Bank Limited (JKB) is a private-sector bank, established in 1938, with headquarters in Srinagar. It's a major contributor to financial services in the region, serving various customers, including retail, corporate, agriculture, and MSME sectors.

The bank has a widespread reach across India, with over 1000 branches in 22 states and union territories. It has a significant presence in J&K, Ladakh and other regions.

Despite being majority-owned by the Government of Jammu and Kashmir (GoJK), JKB has full operational autonomy, meaning it makes its own decisions regarding daily operations and business strategy.

JKB specializes in leveraging technology to provide efficient banking services and products, enhancing its offerings and customer experience.

The Reserve Bank of India (RBI) has designated JKB as an Agency Bank for the J&K and Ladakh regions, responsible for managing banking operations related to government activities.

JKB caters to a broad range of customer needs, including retail customers, businesses (corporate), agricultural sectors, and small and medium enterprises (MSMEs).

JKB has a subsidiary called JKB Financial Services Limited, focusing on financial services offerings, and is also the sponsor bank for J&K Grameen Bank Limited, promoting rural development.

JKB has a strong market presence in the J&K and Ladakh regions, actively participating in and contributing to the local economy.

J&K Bank's net profit (PAT) for the first quarter of fiscal year 2024-25 was ₹4 crore.

J&K Bank's journey as a financial institution spans over eight decades.

J&K Bank was awarded the Global CSR Excellence & Leadership Award and the Top Banker Award for PMEG during the period 2021-2024.

In the 2000s, J&K Bank achieved a significant milestone by listing on stock exchanges.

J&K Bank was awarded the Development Leadership Award in 2023 at the 14th Agriculture Leadership Conclave.

J&K Bank's MD & CEO Baldev Prakash was awarded the prestigious 'Times Now India’s Impactful CEO - 2023’ Award.

J&K Bank sponsored the establishment of a Regional Rural Bank.

J&K Bank was incorporated in 1980s, marking the beginning of its journey into the banking business.

A professional with over 3 decades of experience in banking, specializing in credit, risk management, and HR.

He is a seasoned professional with extensive experience in banking, encompassing various roles like Investment, Risk Management, and International Banking.

He currently holds the position of Advisor to the Lieutenant Governor of Ladakh. This role signifies his strong administrative and leadership skills gained through previous experience as Principal Secretary in various ministries, including the P&M Department.

He is a veteran Chartered Accountant with almost 4 decades of experience. His expertise spans various fields like Corporate Law, Taxation, Project Reports, M&A Transactions, Statutory Compliance Audit, and more.

He currently holds the position of Principal Secretary Finance for the UT of J&K. His diverse background encompasses degrees in engineering, economics, and public policy, highlighting a multi-faceted approach to problem-solving.

He is qualified as an Arbitrator, Mediator, Information Systems Auditor, Forensic Auditor, and Fraud Detector, signifying his proficiency in dispute resolution, IT auditing, and fraud detection.

He is a skilled medical professional with over 20 years of experience in administration. He currently serves as the Principal Secretary to the Lieutenant Governor of J&K and manages the CEO responsibilities of the Amarnathji Shrine Board.

He possesses over 3 decades of experience in IT development and management. His diverse work history spans various large-scale organizations like Citigroup, HSBC, and Fiserv.

The amount of money a bank earns from interest on loans and investments minus the amount it pays out to depositors and other borrowers.

A measure of the bank's profitability, calculated by dividing operating profit by the bank's assets.

A measure of a bank's ability to meet its financial obligations, calculated by dividing the value of a bank's capital by its risk-weighted assets.

The percentage of a bank's loan portfolio that is classified as non-performing.

The percentage of a bank's loan portfolio that is classified as non-performing after taking into account provisions made for potential losses.

The ratio of a bank's provisions for potential losses to its gross non-performing assets.

Money that a bank sets aside to cover potential losses from loans that may not be repaid.

The cost of a bank's borrowing funds from depositors and other lenders.

The percentage of a bank's total deposits that come from current and savings accounts.

The amount of income a bank earns from sources other than interest on loans.

The process of increasing the value of a bank's assets over time.

The percentage of a bank's loan portfolio that becomes non-performing during a specific period.

A measure of how efficiently a bank is using its assets to generate revenue.

A measure of how efficiently a bank is using its assets to generate profit.

The percentage of gross advances (loans) that have become non-performing.

The ratio of a bank's current and savings deposits to its total deposits. A higher CASA ratio is generally considered better.

The practice of setting aside a certain portion of a bank's assets as reserves to meet regulatory requirements. These reserves are typically invested.

Investments that are not subject to the SLR requirements. These investments can be more risky but also have the potential for higher returns.

The mix of different types of loans that a bank provides to its customers. This reflects the bank's strategic focus.

A bank's overall financial performance in generating profits from its investments portfolio. A higher yield is generally preferred.

A type of government security that has a maturity of less than one year. They are highly liquid and considered very safe investments.

Long-term securities issued by the government, considered safe but with lower returns than other investments.

Bonds issued by companies. These can be riskier than government securities but offer the potential for higher returns.

A type of short-term debt instrument that is issued by corporations. They are generally considered to be less risky than corporate bonds but have lower returns.

Investments that are held until maturity and not intended to be sold before then. These provide stable income streams.

Investments that are expected to be sold before maturity and are used to generate short-term profits.