Jammu and Kashmir Bank Limited announced that the board of directors in their meeting held on 4/5 May 2023 has recommended a dividend of INR 0.50 per equity share of INR 1 each fully paid up for the year ended March 31, 2023, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Bank. The record date for determining eligibility of members entitled to receive the dividend on equity shares, if approved by the shareholders of the Bank at the AGM is August 17, 2023. The Register of Members shall remain closed from August 18, 2023 to August 24, 2023.

Dividend shall be paid to those shareholders whose names appear in the Bank's Register of Members/statements of beneficial position received from the National Securities Depository Limited and the Central Depository Services (India) Limited as at the close of business hours on August 17, 2023. If approved at the AGM, the expected date for payment of dividend in electronic form and for dispatch of physical dividend warrants would be by or before September 22, 2023.