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Jammu & Kashmir Bank reports net loss of Rs 56.02 crore in Q4

25 May 2016 Evaluate

Jammu & Kashmir Bank has reported results for the fourth quarter and year ended March 31, 2016.

The bank has posted a net loss of Rs 56.02 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 101.61 crore for the same quarter in the previous year. Total income of the bank has decreased by 10.78% at Rs 1805.33 crore for quarter under review as compared to Rs 2023.50 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has posted a fall of 18.20% in its net profit at Rs 416.04 crore as compared to Rs 508.60 crore for the same period in the previous year. Total income of bank decreased by 4.01% at Rs 7347.60 crore for year under review as compared to Rs 7655.10 crore for the period ended March 31, 2015.

Peers
Company Name CMP
HDFC Bank 704.40
ICICI Bank 1355.45
Axis Bank 1243.80
Kotak Mahindra Bank 440.00
Indusind Bank 874.85
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