SRINAGAR, May 6 -- Jammu and Kashmir Bank has reported annual profit of Rs 1,767 crore for 2023-24, which is the highest in its 85 year history. This was announced by Jammu and Kashmir Bank's Managing Director and CEO Baldev Prakash on Monday during a media briefing. The highest ever annual profit was reported by the Bank, almost two months after Prime Minister Narendra Modi said that his government saved J&K Bank from bankruptcy. During his rally in Srinagar then, Modi had alleged that J&K Bank was a "big victim of nepotism and corruption" under previous governments. Prakash said that there were some governance issues in the Bank in the past and the capital of Rs 1000 crore was granted by the union government to the J&K Bank.
"That ( Rs 1...