Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2014.
The bank has registered 43.03% fall in its net profit at Rs 172.3 crore for the quarter under review as compared to Rs 302.66 crore for the same quarter in the previous year. However, total income of the bank has increased 7.65% at Rs 1883.16 crore for Q2FY15 as compared Rs 1749.22 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) increased to 4.73% in the July-September quarter as against 1.69% in the same quarter previous year, while net NPAs stood to 2.46%.
