Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 July, 2015 15:18 IST
J&K Bank Q3 profit surges 35.7%
Source: IRIS | 04 Feb, 2013, 01.02PM
Comments  |  Post Comment

Jammu & Kashmir Bank (J&K) today reported a rise of 35.68% in net profit to Rs 2.89 billion for the quarter ended Dec. 31, 2012 as compared to Rs 2.13 billion in the same period last year.

Total income of the bank increased by 21.12% to Rs 16.23 billion for the quarter ended Dec. 31, 2012 as compared to Rs 13.40 billion in the same period last year.

Interest earned during the quarter ended Dec. 31, 2012 was at Rs 15.33 billion, representing an increase of 21.09%.

The bank has made provision of Rs 223.8 million, which was 23.24% higher than the same period last year.

Net NPA was at Rs 495.1 million for the quarter ended Dec. 31, 2012, as compared to Rs 469.3 million for the quarter ended Dec. 31, 2011, representing sharp increase of 5.5%.

Meanwhile in percentage term, net NPA decreased to 0.14% as on Dec. 31, 2012 from 0.16% as on Dec. 31, 2011.

Shares of the bank gained Rs 25.1, or 1.82%, to trade at Rs 1,402.10. The total volume of shares traded was 51,371 at the BSE (12.56 p.m., Monday).



Jammu and Kashmir Bank Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Arvind announces partnership with Aeropostale - 02-Jul-2015 12:27
Edelweiss remains positive on IGL's long-term growth prospects - 02-Jul-2015 12:27
NBCC secures Rs 9.14 bn PMC business in June'15 - 02-Jul-2015 12:04
Nomura retains 'Buy' on Coal India - 02-Jul-2015 11:02
Coal India achieves 95% of production target in June'15 - 02-Jul-2015 10:38
Hero Motocorp two-wheeler sales remain flat in June - 02-Jul-2015 10:06
Bharti Airtel to reduce USD 1.3 bn debt from sale of 5 tower assets - 02-Jul-2015 09:55
Bajaj Auto sales up 8% in June - 02-Jul-2015 09:47
Dr Reddy's launches new corporate brand identity - 02-Jul-2015 09:25
Ashok Leyland sales jump 41% in June - 01-Jul-2015 16:49
TVS Motor clocks 8% sales growth in June - 01-Jul-2015 16:40
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer