Since the Rs 11,400-crore scam of Nirav Modi involving Punjab National Bank (PNB) has come to the fore, the J&K Bank management has gone into a huddle to rectify the mistakes which have led to the accumulation of huge non-performing assets (NPAs). According to sources, the gross NPA of J&K Bank at present could be over Rs 6,000 crore while the net NPA is over Rs 2,000 crore. Gross NPA means the overall NPA with the bank, including NPA against which the bank has taken guarantee from companies who have…
Read MoreJ&K Bank’s top brass goes into huddle as bad loans increase
