Jammu & Kashmir Bank, witnessed a fall in share price on Monday as the bank's quarterly results were below analysts' estimates.

ICICIdirect said, the bank's fourth quarter results were below estimates both on the profit as well as the asset quality front.

The bank disclosed a drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the bank declined 59.45% to Rs 1,016.10 million from Rs 2,506.00 million in the same quarter last year.

Total Income for the quarter rose 7.14% to Rs 20,235 million, compared with Rs 18,886 million for the prior year period.

Shares of Jammu and Kashmir Bank are trading at Rs 100.35, down Rs 3.5, or 3.37% at the Bombay Stock Exchange (BSE) on Monday at 12:57 p.m.

Total volume of shares traded on the bourses today was higher by 1,697.45% to 1,008,382 compared with 22-day average volume of 56,101.