Breaking News

You are here » Indian-Commodity  :  Corporate  :  Jammu & Kashmir Bank reports 43% rise in Q3 net profit

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.


Related News

View all news

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......

USFDA completes audit at Dr. Reddy's subsidiary in Hyderabad

USFDA has completed audit of R&D facility of Aurigene Discovery Technologies, a wholly owned subsidiary of Dr. Reddy's Laboratories, situated at Miyapur, Hyderabad. No FDA 483 was issued at the......

SpiceJet reports passenger load factor of 94% in February

SpiceJet has reported the Passenger Load Factor (PLF) of 94.0% during the month of February 2019. The company had reported PLF of 90.9% during the month of January 2019.The PLF is a key indicator of the......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......