Jammu & Kashmir Bank has reported result for the fourth quarter and year ended March 31, 2015.
The bank has posted a fall of 59.45% in its net profit at Rs 101.61 crore for the quarter ended March 31, 2015 as compared to Rs 250.6 crore for the same quarter in the previous year. However, total income of the bank has increased by 7.14% at Rs 2023.5 crore for quarter under review as compared to Rs 1888.6 crore for the quarter ended March 31, 2014.
For the year ended March 31, 2015, the bank has posted a fall of 56.99% in its net profit at Rs 508.6 crore as compared to Rs 1182.47 crore for the same period in the previous year. However, total income of the bank has increased by 6.96% at Rs 7655.1 crore for year under review as compared to Rs 7157.26 crore for the period ended March 31, 2014.
