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
25 April, 2015 05:51 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
Infosys expects FY16 revenue to grow 10-12% - 24-Apr-2015 15:33
Infosys to acquire Kallidus for USD 120 mn - 24-Apr-2015 15:00
Infosys Q4 misses estimates; profit falls 4.7% sequentially - 24-Apr-2015 14:53
GPT Infraprojects bags order worth Rs 1.29 bn - 24-Apr-2015 13:07
IL&FS Engineering wins order worth Rs 3.26 bn from BMRCL - 24-Apr-2015 12:57
Rel Capital Asset Management in strategic alliance with Samsung Asset Management - 24-Apr-2015 10:53
Suven Life secures five product patents for NCEs - 24-Apr-2015 10:27
Advent, Temasek to buy CG's consumer electricals unit - 24-Apr-2015 10:01
Cairn India swings to Q4 loss on lower oil prices, exceptional item - 23-Apr-2015 19:09
IDBI Bank signs MoU with Bajaj Allianz General Insurance Company - 23-Apr-2015 18:54
IDBI Bank signs MoU with Bajaj Allianz General Insurance - 23-Apr-2015 18:21
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