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14-Jan2019

Jammu & Kashmir Bank reports 43% rise in Q3 net profit

Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 43.16% rise in its net profit at Rs 103.75 crore for the quarter under review as compared to Rs 72.47 crore for the same quarter in the previous year. Total income of the Bank increased by 20.97% at Rs 2,166.22 crore for Q3FY19 as compared Rs 1,790.77 crore for the corresponding quarter previous year.

The Bank's gross NPA for the October-December quarter of the current fiscal improved to 9.94%, as compared to 10.09% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 4.69% in Q3FY19.


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