Jammu & Kashmir Bank: Ace Investor Mukul Agrawal Acquires 1.3% Stake Amid Business Growth
Ace investor Mukul Mahavir Agrawal has purchased a 1.27% stake in Jammu & Kashmir Bank. The bank reported a 9.5% year-over-year growth in total business, reaching Rs 2,49,784.15 crore. Deposits increased by 12% and advances rose by 5.5% compared to the previous year.

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Jammu & Kashmir Bank has caught the attention of investors as ace investor Mukul Mahavir Agrawal acquired a significant stake in the company. The bank also reported robust growth in its business operations, signaling positive momentum in its financial performance.
Mukul Agrawal's Strategic Investment
Mukul Mahavir Agrawal, a renowned investor known for his strategic picks in the Indian stock market, has purchased a 1.27% stake in Jammu & Kashmir Bank. This move by Agrawal has sparked interest among market participants, potentially indicating his confidence in the bank's future prospects.
Strong Business Growth
Jammu & Kashmir Bank has demonstrated impressive growth in its total business, which expanded by 9.5% year-over-year (YoY) to reach Rs 2,49,784.15 crore. This growth was driven by positive performance across key financial metrics:
Deposits: The bank witnessed a substantial increase in deposits, growing by 12% compared to the previous year. This growth in deposits suggests improved customer trust and the bank's ability to attract funds.
Advances: The loan book of Jammu & Kashmir Bank also showed positive momentum, with advances rising by 5.5% YoY. This growth in lending activities indicates the bank's continued support to various sectors of the economy.
Financial Performance Overview
To provide a clearer picture of Jammu & Kashmir Bank's financial performance, here's a breakdown of the key metrics:
Metric | Growth (YoY) | Amount (in crore) |
---|---|---|
Total Business | 9.5% | 2,49,784.15 |
Deposits | 12.0% | - |
Advances | 5.5% | - |
The bank's ability to grow its business across both deposits and advances showcases its balanced approach to expansion and risk management.
Jammu & Kashmir Bank's robust performance and the recent investment by Mukul Agrawal highlight the institution's potential in the banking sector. As the bank continues to expand its operations and attract notable investors, it will be interesting to observe how these developments influence its market position and future growth trajectory.