Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2014.
The bank has registered a fall of 67.43% in its net profit at Rs 104.64 crore for the quarter under review as compared to Rs 321.29 crore for the same quarter in the previous year. However, total income of the bank has increased marginally by 2.58% at Rs 1849.44 crore for Q3FY15 as compared Rs 1802.97 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) increased to 5.81% in the October- December quarter as against 1.65% in the same quarter previous year, while net NPAs stood at 3.22%.
