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The Print
4 days ago
- Politics
- The Print
Terrorists behind Pahalgam attack identified, could be eliminated soon, says J&K L-G Manoj Sinha
'Terrorism has been the state policy of Pakistan, and it is in the DNA of Pakistan…since inception, it has used a terror policy post-1947, to attack Jammu & Kashmir. The recent attack was by the design and intention of Pakistan, too,' Manoj Sinha said. On the motive behind the attack, Lt. Governor Sinha said that it was to 'create communal divide and disrupt peace of state and business activity, so that Pakistan can again start recruitment of handlers'. New Delhi: The security agencies have identified the terrorists behind the 22 April Pahalgam attack, and soon, will eliminate them, Manoj Sinha said, speaking on the occasion of his completion of 5 years as the Lt. Governor of Jammu and Kashmir, at a function in Gandhi Smriti, Delhi, Wednesday. However, 'the people of Kashmir showed up and demonstrated how fed up they were with terror', he added. 'They want peace and prosperity.' Two days ago, the L-G stunned the state, saying it was a 'security failure' that led to the deaths of 26 innocent people in Pahalgam. 'What happened in Pahalgam was very unfortunate. Innocent people were killed. I took full responsibility for the incident, but it was undoubtedly a security failure,' Manoj Sinha said. Calling Pakistan the 'biggest enemy of humanity', he said that the 'global powers will have to end terrorism from Pakistan; it is the duty of the global powers'. 'Pakistan does not want prosperity in Jammu and Kashmir; our neighbour does not like peace in Kashmir. But there is a change brewing in the state, and local people have realised that their destiny and prosperity lie with India and in peace'. Quoting a Gandhi speech, Sinha said, 'Gandhi wanted peace and prosperity in Jammu & Kashmir. He once said that if one has to choose between cowardice and violence, the way is violence. And, when Pakistan disturbed the peace in Kashmir, Gandhi said our Army should move forward and defeat the enemy.' In 1924, the late Mahatma Gandhi said, 'My non-violence does not admit of running away from danger and leaving dear ones unprotected. Between violence and cowardly flight, I can prefer only violence to cowardice; shunning non-violence is the summit of bravery.' Without directly saying it, Manoj Sinha cited the Gandhian philosophy as the context of the subsequent Indian attack on Pakistan. At the event, Vijay Goel, the Gandhi Smriti and Darshan Samiti Vice-Chairperson, delivered a brief speech. He said, 'Like Gandhi, Modi is bringing peace and prosperity in Jammu & Kashmir'. Elaborating on the Kashmir situation since he had assumed the L-G role in 2020, Sinha said, 'Kashmir's economy has doubled. A Kashmir bank, specifically Jammu & Kashmir Bank, was running at a loss of Rs 1,300 crore, but today its profit margin stands at Rs 1,700 crore. Roughly 2.38 crore tourists visited Kashmir last year, and builders constructed 5,000 new hotels. A 1.5 lakh crore highway project is under construction here. A Tiranga Yatra took place in the village of Burhan Wani.' During the Lok Sabha and assembly elections, the state was peaceful, he said. 'Not a single incident happened, and there was no question about election integrity. Forget firing, not a single pebble was thrown. Currently, people are enjoying nightlife, and children are going to school.' Operation Sindoor, Manoj Sinha said, showed that if anybody has bad intentions towards India, the country will give a befitting reply. He added that the most striking part of the operation was how the Army made use of India-made drones and other indigenously produced defence equipment to attack Pakistan. 'Prime Minister Modi has said categorically that Operation Sindoor has not ended, and if any misadventure takes place, it will be treated as an act of war,' he added. Discussing his efforts for establishing normalcy in J&K, L-G Sinha said, 'The incident of throwing stones has become history, the recruitment of handlers by Pakistan is minimal. Earlier, it recruited 150 locals, but last year, there were only six such cases, and this year, it was only one case. Radicalisation has stopped.' NIA officers showing no mercy to terrorists and public support for peace, and a change in their outlook were critical in bringing normalcy, he added. 'After abrogation of Article 370, the Prime Minister desired peace in the state, and my vision was clear on how to have peace and prosperity in the state—peace is not for buying but for establishing,' Manoj Sinha stated. (Edited by Madhurita Goswami) Also read: 'Some screamed with every thud, others prayed'—J&K residents recall night of Operation Sindoor
Time of India
08-07-2025
- Business
- Time of India
Jammu & Kashmir Bank shares in focus as ace investor Mukul Agrawal buys 1.3% stake in June quarter
Shares of Jammu & Kashmir Bank will be in focus on Tuesday after ace investor Mukul Mahavir Agrawal added the lender to his portfolio during the June 2024 quarter, acquiring a 1.27% stake, or around 1.4 crore shares. Jammu & Kashmir Bank shares have outperformed the broader banking sector, delivering nearly 5% returns over the past year, compared to a 3% decline in the Nifty PSU Bank index. The bank's performance has been largely in line with the Nifty during the same period. On Monday, the bank released its Q1FY26 business update , reporting a 9.5% year-on-year growth in total business to Rs 2,49,784.15 crore. Total deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under review. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Jammu & Kashmir Bank Q4 earnings In the fourth quarter, Jammu & Kashmir Bank reported a 9% YoY decline in net profit to Rs 585 crore, compared to Rs 640 crore a year ago, mainly due to higher provisions for bad debt. However, pre-provision operating profit rose 20.5% to Rs 800 crore, up from Rs 664 crore in the same period last year. Provisions stood at Rs 58 crore, compared with a write-back of Rs 47.4 crore in the year-ago quarter, despite an improvement in asset quality. The gross non-performing assets (GNPA) ratio improved to 3.37%, down from 4.08% at the end of the previous fiscal year. The board has recommended a dividend of Rs 2.15 per equity share (face value Re 1), translating to a 215% dividend payout for the financial year ended March 31, 2025. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% Mukul Agrawal's portfolio According to Trendlyne data, Mukul Agrawal publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore. His portfolio includes names like Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count, and J Kumar Infraprojects, among others. On Monday, Jammu & Kashmir Bank shares closed at Rs 111.25 on the BSE, down Rs 3 or 2.63%. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
08-07-2025
- Business
- Economic Times
Jammu & Kashmir Bank shares in focus as ace investor Mukul Agrawal buys 1.3% stake in June quarter
Shares of Jammu & Kashmir Bank will be in focus on Tuesday after ace investor Mukul Mahavir Agrawal added the lender to his portfolio during the June 2024 quarter, acquiring a 1.27% stake, or around 1.4 crore shares. ADVERTISEMENT Jammu & Kashmir Bank shares have outperformed the broader banking sector, delivering nearly 5% returns over the past year, compared to a 3% decline in the Nifty PSU Bank index. The bank's performance has been largely in line with the Nifty during the same period. On Monday, the bank released its Q1FY26 business update, reporting a 9.5% year-on-year growth in total business to Rs 2,49,784.15 crore. Total deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under review. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% In the fourth quarter, Jammu & Kashmir Bank reported a 9% YoY decline in net profit to Rs 585 crore, compared to Rs 640 crore a year ago, mainly due to higher provisions for bad debt. However, pre-provision operating profit rose 20.5% to Rs 800 crore, up from Rs 664 crore in the same period last year. ADVERTISEMENT Provisions stood at Rs 58 crore, compared with a write-back of Rs 47.4 crore in the year-ago quarter, despite an improvement in asset quality. The gross non-performing assets (GNPA) ratio improved to 3.37%, down from 4.08% at the end of the previous fiscal year. The board has recommended a dividend of Rs 2.15 per equity share (face value Re 1), translating to a 215% dividend payout for the financial year ended March 31, 2025. ADVERTISEMENT Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72%According to Trendlyne data, Mukul Agrawal publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore. His portfolio includes names like Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count, and J Kumar Infraprojects, among others. ADVERTISEMENT On Monday, Jammu & Kashmir Bank shares closed at Rs 111.25 on the BSE, down Rs 3 or 2.63%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
07-07-2025
- Business
- Economic Times
Ace investor Mukul Agrawal adds Jammu & Kashmir Bank in June quarter, buys 1.3% stake
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investor Mukul Mahavir Agrawal added Jammu & Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run shares of Jammu & Kashmir Bank have outperformed the sector with nearly 5% returns over a 1-year period versus Nifty PSU Bank index , which has fallen by 3%. Its returns have been in-line with Nifty's returns in the same & Kashmir bank today announced its Q1FY26 updates , where the PSU bank reported a 9.5% year-on-year growth in its total business at Rs 2,49,784.15 deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore, according to Trendlyne data Some of the stocks in his portfolio are Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count and J Kumar Infraprojects, among others.J&K Bank's shares today closed the session at Rs 111.25 on the BSE, down 3% or 2.63%.Jammu & Kashmir Bank had reported a 9% year-on-year dip in fourth quarter net profit at Rs 585 crore as against Rs 640 crore in the year ago period, due to higher provisions to cover bad debt. The bank's pre-provision operating profit for the quarter stood 20.5% higher at Rs 800 crore against Rs 664 to cover bad and doubtful debt stood at Rs 58 crore against a write back of provision of Rs 47.4 crore in the year ago period, despite improvement in asset quality. Its gross non-performing assets ratio fell to 3.37% at the end of the last fiscal as compared with 4.08% a year bank board recommended a dividend of Rs. 2.15 per equity share of Re 1 face value which translates into a 215% dividend for the financial year ended March 31, 2025.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
07-07-2025
- Business
- Time of India
Ace investor Mukul Agrawal adds Jammu & Kashmir Bank in June quarter, buys 1.3% stake
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ace investor Mukul Mahavir Agrawal added Jammu & Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run shares of Jammu & Kashmir Bank have outperformed the sector with nearly 5% returns over a 1-year period versus Nifty PSU Bank index , which has fallen by 3%. Its returns have been in-line with Nifty's returns in the same & Kashmir bank today announced its Q1FY26 updates , where the PSU bank reported a 9.5% year-on-year growth in its total business at Rs 2,49,784.15 deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore, according to Trendlyne data Some of the stocks in his portfolio are Ajmera Realty, CEAT, Allcargo Logistics, LT Foods, Deepak Fertilisers, Delta Corp, Dredging Corporation of India, De Nora, Indo Count and J Kumar Infraprojects, among others.J&K Bank's shares today closed the session at Rs 111.25 on the BSE, down 3% or 2.63%.Jammu & Kashmir Bank had reported a 9% year-on-year dip in fourth quarter net profit at Rs 585 crore as against Rs 640 crore in the year ago period, due to higher provisions to cover bad debt. The bank's pre-provision operating profit for the quarter stood 20.5% higher at Rs 800 crore against Rs 664 to cover bad and doubtful debt stood at Rs 58 crore against a write back of provision of Rs 47.4 crore in the year ago period, despite improvement in asset quality. Its gross non-performing assets ratio fell to 3.37% at the end of the last fiscal as compared with 4.08% a year bank board recommended a dividend of Rs. 2.15 per equity share of Re 1 face value which translates into a 215% dividend for the financial year ended March 31, 2025.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
