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| Exchange Disseminated Time 11/11/2016 11:40:47 | Jammu & Kashmir Bank Ltd has informed BSE that the Bank has approached Reserve Bank of India (RBI) for a special dispensation addressing the concern of temporary asset impairment due to prevailing political unrest in Kashmir Valley. The approval for the said request made to Reserve Bank of India (RBI) is still awaited, pending which the Bank have not been able to finalize Bank’s financials for the period under review.
The Bank has hence requested the Securities and Exchange Board of India (SEBI) for grant of extension in the stipulated 45 days timeline for submission of reviewed financial results till November 30th, 2016 and waiver of penalty for delay in submission beyond stipulation.
In view of the aforesaid facts, the meeting of the Board scheduled for November 12, 2016 shall not consider the review of the financials of the said period which shall be taken up on a separate date by the Board and shall get communicated separately. |
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