The Jammu and Kashmir Bank Limited announced that at the board meeting held on July 15, 2023, the raising of Capital up to INR 10,000 million by way of Non-Convertible, Redeemable, Unsecured, BASEL III Compliant, TIER 2 bonds in the nature of debentures ("debentures") on a private placement basis preferably towards end of the Calendar Year 2023.