Jammu & Kashmir Bank has reported results for first quarter ended June 30, 2015.
The bank has reported 22.08% rise in its net profit at Rs 158.76 crore for the quarter ended June 30, 2015 as compared to Rs 130.05 crore for the same quarter in the previous year. However, total income of the bank has decreased marginally by 0.56% at Rs 1888.35 crore for quarter under review as compared to Rs 1899.00 crore for the quarter ended June 30, 2014.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 6.63%, as compared to 4.16% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.95% in Q1FY16.
