Srinagar, Sept. 6 -- Initiating the payment of dividend to shareholders, Managing Director and CEO J&K Bank Amitava Chatterjee today presented two dividend cheques of Rs 122.85 Crore and Rs 7.92 Crore to the UT Administration - the Bank's promoter and major shareholder - for the Financial Year 2024-25.

The dividend cheques were handed over to Lieutenant Governor Shri Manoj Sinha at Raj Bhawan.

Chief Secretary Atal Dulloo; Principal Secretary, Finance, Santosh D Vaidya; Principal Secretary to Lieutenant Governor Dr Mandeep K. Bhandari, and Mohammad Shafi Mir, Company Secretary J&K Bank were present on the occasion.

The dividend pay-out, which followed the Bank's approval of 215% dividend at its 87th Annual General Meeting (AGM), undersc...