Tuesday , 20 November 2018
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Jammu & Kashmir Bank reports 31% rise in Q2 net profit

Jammu & Kashmir Bank reports 31% rise in Q2 net profit

Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported 30.86% rise in its net profit at Rs 93.75 crore for the quarter under review as compared to Rs 71.64 crore for the same quarter in the previous year. Total income of the Bank increased by 10.15% at Rs 1,951.26 crore for Q2FY19 as compared Rs 1,771.46 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the June-September quarter of the current fiscal improved to 9.00%, as compared to 10.87% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.91% in Q2FY19.

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