The Jammu & Kashmir Bank Limited has informed the Exchange about related Party Transactions
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Jammu & Kashmir Bank has disclosed its related party transactions on a consolidated basis for the second half of FY25 (1 October 2024 to 31 March 2025), as required under SEBI Listing Regulations. Total transaction value stood at ₹71.45 crore. The largest chunk, ₹67.38 crore, was interest paid to its associate J&K Grameen Bank, with an additional ₹0.95 crore in interest received and IT support services from the same entity. Transactions with its wholly-owned subsidiary JKB Financial Services totalled about ₹1.88 crore, covering interest paid/received and reimbursements. Remuneration paid to five key managerial personnel (MD & CEO, Executive Director, Ex-MD & CEO, CFO, and Company Secretary) came to roughly ₹1.24 crore combined. The bank noted that, per a SEBI exemption, loans, advances, inter-corporate deposits, and investments have been excluded from this disclosure.
This is a routine half-yearly compliance filing and does not signal any governance concern; the bulk of transactions are with the bank's own associate and subsidiary, which is normal for a banking entity. No material price-moving impact is expected for shareholders.