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MoneyWorks4Me

Jammu & Kashmir Bank crosses business target of Rs 85,000 crore

02 Apr 2012 Evaluate

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. 

Peers
Company Name CMP
HDFC Bank 682.50
ICICI Bank 1385.50
Axis Bank 1216.00
Kotak Mahindra Bank 442.65
Indusind Bank 840.25
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