JK Bank Chairman Sheikh Mushtaq


J&K Bank board recommended an all time high divided of 33.5% for the fiscal 2011-12 in which its profits soared to more than Rs 803 crore.

It posted net profit of Rs 208.12 crore for Q4 ended March 2012 which is 50.20 % jump over Rs 138.56 crore pocket for the last fiscal of 2010-11.

The bank actually surpassed its set target for the FY 2011-12 by registering net profit of Rs 803.25 crore against Rs 615.20 crore for the previous year. It makes an appreciation by 31 % on yoy basis. Business of the bank increased by 22% to Rs 86419 crore from Rs 70870 crore. As deposits appreciated by 19%, the loan book grew by 26% to reach a level of Rs 33077 crore.


A 27-year-old cop became a rare survivor of close range AK-47 bullet injuries, after he was ambushed in Sopore on January 7. He was admitted to AIIMS Trauma Centre with five AK-47 bullets lodged in his chest and abdomen. After 12 surgical procedures and transfusion of 74 pints of blood in two hospitals — the Army base hospital in Udhampur and AIIMS Trauma Centre — over seven weeks, the cop was finally discharged in mid-March. He is being considered a miraculous survivor because there is no record available about any survivor with so much of blood loss and injuries. He had suffered a 20 cm-long and wide open wound on his stomach. After taking five bullets, the cop’s liver had ripped, so was his diaphragm, and lungs besides his left arm, left thigh and leg. Besides, he had multiple fractures in his left arm.


Barring tourists not many people enjoyed the cruise ride on Jhelum through the Old Srinagar city introduced last week. But a local business family found the ambience good enough to hold the ring ceremony for their daughter’s engagement onboard the boat. The boy, an engineer is working with an MNC and the in girl is a PG from University of Kashmir.


World War II veteran and India’s 13th chief who finally became Punjab’s governor and India’s ambassador to Indonesia spent his weekend visiting the locality where he was born, brought up and educated. Om Prakash Malhotra is 90 and heads the National Association for the Blind and founder of the Equestrian Federation of India. SP College where he had studied honoured him.


J&K State Power Development Corporation (JKSPDC) was given the Powerline Award 2012 in the “best performing generation company of the country-hydro” category. MD PDC Basharat Ahmad Dhar received the award from Union Power Minister Sushil Kumar Shinde on May 15.


Student protesting

A cop was suspended for resorting to aerial firing in Kashmir University campus after a cricket ball hit the VC office. It was an army sponsored  Kashmir Premier League (KPL) match when the students went to fetch the ball and were stopped by the cops. After the initial crisis was over, the cops later swooped on the field and beat the players and resorted to aerial firing. Cop Meraj-ud-Din was placed under suspension and an investigation was launched.


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