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9.25%The Jammu and Kashmir Bank Limited 27 Dec 2024

ISIN:
INE168A08046
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Taxable

Tax Category

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27 Dec, 2024

Maturity Date
(6 Mo 3 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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28 Dec, 2017

Allotment Date

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NA

Put Date

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27 Dec, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA- (Stable)
BWR
A+ / Positive
IND
Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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The Jammu & Kashmir Bank Limited

Jammu and Kashmir Bank is a Scheduled Commercial Bank and one of the oldest private sector Bank in India, incorporated in 1938 and headquartered at Srinagar. Bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by Reserve Bank of India as its exclusive agent for carrying out banking business for the Government of Jammu & Kashmir and Ladakh. J&K bank caters to banking requirements of various customer segments and offers a wide range of retail credit products, including home, personal loans, education loan, agriculture, trade credit and consumer lending, a number of unique financial products tailored to the needs of various customer segments.

The ratio in FY24  is 0.34x as compared to 0.45x in FY23, indicating decrease in the debt level due to slight decrease in borrowings .

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Debt/EBITDA

The ratio in FY24 is 1.40x and it was 1.39x in FY23, indicating increase in debt servicing ability of the issuer due to increase in profits.

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Interest coverage ratio

Recent News
News Thumbnail
The Bank's Zonal Head Sanjeev Kumar inaugurated the CRM

May 31, 2023 | The Jammu & Kashmir Bank Limited

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Jammu & Kashmir Bank Q3 gross advances grow 14.13% YoY; stock jumps 2%

Mar 27, 2024 | The Jammu & Kashmir Bank Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹100.1975
Price
8.4718%
Yield
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BOND VALUE DETAILS

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