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Jammu & Kashmir Bank reports 12% rise in Q3 net profit

11 Feb 2016 Evaluate

Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2015.  

The bank has reported 12.46% rise in its net profit at Rs 117.68 crore for the quarter ended December 31, 2015 as compared to Rs 104.64 crore for the same quarter in the previous year. However, the bank’s total income has decreased by 2.34% to Rs 1806.08 crore for the quarter under review from Rs 1849.44 crore for the corresponding quarter of the previous year.  

Gross non-performing assets (NPAs) increased to 6.81% in the October- December quarter as against 5.81% in the same quarter previous year, while net NPAs stood at 2.60%

Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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