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
06 March, 2015 00:10 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
FIIs can invest up to 34% in Container Corporation - 05-Mar-2015 18:44
BEML rolls out country's biggest dump truck - 05-Mar-2015 17:45
ICICIdirect selects Tech Mahindra as techno-funda pick - 05-Mar-2015 16:35
Tele2 and HCL Technologies form strategic alliance - 05-Mar-2015 15:52
ONGC's oil production from its western offshore breaks 5 years record - 05-Mar-2015 13:07
NTPC commissions Barh Thermal Power Project - 05-Mar-2015 12:31
Tech Mahindra strengthens footprint in Vietnam - 05-Mar-2015 11:38
Aban Offshore arms redeem outstanding bonds worth Rs 13.35 bn - 05-Mar-2015 09:52
Aban Offshore arms redeem outstanding bonds worth Rs 13.35 bn - 05-Mar-2015 09:52
Axis Bank raises USD 250 mn via overseas bonds - 05-Mar-2015 09:48
Reliance Infra acquires Pipavav Defence - 05-Mar-2015 09:19
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