J-K Bank share price: J-K Bank crashes 20% amid investigations against chairman - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.NewsStock Analysis, IPO, Mutual Funds, Bonds - MoreR.K Chhibber and the management team will hold a conference call with the investors today.ETMarkets.com|Jun 10, 2019, 10.10 AM ISTANIET reported that the Jammu and Kashmir government had started investigations against a web of operations surrounding former J-K Bank chairman Parvez Ahmed Nengroo.
NEW DELHI: Shares of Jammu - Kashmir Bank plunged 20 per cent to hit their lower circuit limit of Rs 47.60 in Monday's session amid reports that the Jammu and Kashmir government had started investigations against the former J-K Bank chairman.ET reported that the Jammu and Kashmir government had started investigations against a web of operations surrounding former J-K Bank chairman Parvez Ahmed Nengroo.
The Jammu and Kashmir government removed J-K Bank Chairman Nengroo and the raids were conducted following allegations that he offered loans worth crores to people recommended by politicians, placed his relatives in plum positions, and for even diverting funds meant for the banks corporate social responsibility (CSR) initiative for the beautification of Royal Spring Golf Course a rendezvous of the elite.
The J-K anti-corruption bureau (ACB) is said to have seized around 300 files pertaining to illegal and fraudulent appointments in the bank by Nengroo during PDP rule in the state.In a BSE filing, the bank said its Chairman cum Managing Director R.K Chhibber and the management team will hold a conference call with the investors today.Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|1234567891J-K Bank crashes 20% amid investigations against chairmanSensex rallies 300 points, Nifty tops 11,950 on strong global cuesShare market update: Auto shares in the green; Motherson Sumi up 3% J-K Bank, RPower among top losers on BSEHDFC Life, V-Guard, UPL and Voltas looking positiveDHFL, Restile Ceramic among top gainers on BSEUse any dip as a buying opportunity for short to long-term gainBuzzing stocks: ICICI Bank, RIL, SBI, HDFCReliance Power books impairment, arm defaults on loan repayment'BUY' or 'SELL' ideas from experts for Monday 10 June 2019Over 150 overseas investors lose FPI licenceTo see your saved stories, click on link hightlighted in bold