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October 31st, 2017, 03:02 PM
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Join Date: Mar 2012
Re: Jammu and Kashmir Bank Rating

Rating agency CRISIL has downsized appraisals for the Jammu and Kashmir Bank's settled stores from "AA" from 'AA-" on increment in the weight on its advances in vexed state and its ensuing effect on benefit.

It likewise set appraisals on "Watch with Negative Implications".

The weight on resource quality has been aggravated by the expansion in worry in the advances given to little and medium-sized endeavors (SME's), Micro, Small and Medium Enterprises (MSME's) and corporates inside specific areas of Jammu and Kashmir (J&K). This was notwithstanding the proceeded with slippages from its extensive ticket corporate book, CRISIL said an announcement.

Net non-performing resources (NPAs) expanded fundamentally to 9.3% as on June 30, 2016 from 6.0% as on March 31, 2015, basically determined by slippages in its huge advances in corporate book.

Moreover, critical extent of focused on progresses inside the territory of J&K are required to be rebuilt.

Thus, the powerless resources are relied upon to pointedly increment to around 15% by March 2017 from 11.3% as on June 30, 2016. The two elements set up together will significantly affect its productivity, it included.

Rating have been continued watch pursuing rising advancements around the Bank's application to RBI for rebuilding the J&K advance book influenced by turmoil in the valley since July 2016.

The bank may rebuild these focused on progresses, if RBI endorses rebuilding as asked for by the state level brokers panel of J and K.


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