J&K Bank Q3 net profit up 43% at ~104 crore

Jammu& KashmirBankhas reported 43 percent increase in its net profit at ~103.75 cr ore for the third quarter ended December 2018. The bank had earned a profit of ~72.47 cr ore intheOctober-December quarter of previous fiscal year, thebanksaid. Totalincomeof the bank rose to ~2,184.22 cr ore as against ~1,790.77 cr ore in the same period a year ago. The grossnon-performing assets (NPAs) as a percentage of total advances by end of December 2018 fell to 9.94 percent as against 10.08 percent as on December31,2017, itsaid. However, netNPAsrose margin ally to 4.59 percent of the net loans from 4.29 per cent in the corresponding periodayearago.