Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2015.
The bank has reported 13.53% rise in its net profit at Rs 195.62 crore for the quarter ended September 30, 2015 as compared to Rs 172.3 crore for the same quarter in the previous year. However, the bank’s total income has decreased by 1.88% to Rs 1847.84 crore for the quarter under review from Rs 1883.16 crore for the corresponding quarter of the previous year.
Gross non-performing assets (NPAs) of the bank have increased to 6.46% for the quarter as against 4.73% in the same quarter previous year. Besides, bank’s Net NPA stood at 2.78% in Q2FY16.
