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Jammu & Kashmir (J&K) Bank on Wednesday reported a fall of 57.77% in its net profit for the quarter ended Jun. 30, 2014. The bank earned a profit of Rs 1.30 billion for the quarter ended Jun. 30, 2014.
Jammu & Kashmir Bank said that the board of the bank have considered and approved the sub-division of one equity share of the bank having a face value of Rs 10 each into ten equity shares of face value Re 1 each.