J&K Bank Q3 Net Up 43%

The Economic Times - - Finance & Commodities -

Jammu & Kash­mir Bank has re­ported 43% in­crease in its net profit at ₹ 103.7 crore for the third quar­ter ended De­cem­ber 2018. The bank had earned a profit of ₹ 72.4 crore in the Oc­to­ber-De­cem­ber quar­ter of pre­vi­ous fis­cal, the bank said in a state­ment. To­tal in­come to ₹ 2,184.2 crore as against ₹ 1,790.7 crore in the same pe­riod a year ago. Goss non-per­form­ing as­sets (NPAs) as a per­cent­age of to­tal ad­vances at the end of De­cem­ber 2018 fell to 9.94% as against 10.08% as on De­cem­ber 31, 2017. Net NPAs rose marginally to 4.59% of net loans from 4.29% in the year-ago pe­riod. — PTI

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