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Jammu and Kashmir Bank released their quarterly financial report with a net profit of Rs. 93.75 crores in September-end quarter of FY19, rising 30.86% from the net profit of Rs. 71.64 crores earned during the corresponding quarter of the previous fiscal year.
Jammu and Kashmir Bank’s net interest income (NII) or the core interest (income) the bank earns through handing out loans stood at Rs. 791.85 crores in the quarter under review as against Rs. 722.62 crores in the July-September quarter of FY18, posting a 9.58% uprise.
The Bank’s net profit during the June-end quarter of the current fiscal year was reported at Rs. 52.59 crores. Provisions And Contingencies for the quarter under review stood at Rs. 172.38
Crores as against Rs. 242.87 crores whereas P&A for the June-end quarter of the current fiscal was reported at Rs. 255.01 Crores.
Operating Profit of the bank stood at Rs. 342.65 crores in September 2018 down 5.91% from Rs. 364.18 crore in September 2017. JK Bank EPS has increased to Rs. 1.68 in September 2018 from Rs. 1.29 in September 2017.
