The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of The Jammu & Kashmir Bank Limited, through primary/secondary markets in India. The purchases can be made upto 46.85 per cent of the paid up capital of the company, as it has passed a special resolution to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.

Ajit Prasad
Manager

Press Release : 2007-2008/316