Jammu & Kashmir Bank (J&K Bank) has crossed its business target of Rs 85,000 crore for 2011-12 financial year and has set a target of Rs 1 lakh crore for the current fiscal. The bank has set net profit target of Rs 1,000 crore for this financial year 2012-13. The bank had recently received very high safety ratings to its Term Deposit programmes from CRISIL.
With the robust network of more than 600 branches all over India, Jammu and Kashmir Bank exhibits high NPA coverage ratio and this is the biggest strength of the bank.
