MoneyWorks4Me

Jammu & Kashmir Bank reports net loss of Rs 602.40 crore

16 Dec 2016 Evaluate

Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2016.    

The company has reported a net loss of Rs 602.40 crore for the quarter under review as compared to a net profit of Rs 195.62 crore for the same quarter in the previous year. Total income of the company decreased by 1.69% at Rs 1816.67 crore for the quarter under review as compared Rs 1847.84 crore for the corresponding quarter previous year. 

Jammu & Kashmir Bank is the only state government owned bank in the country with the Government of J&K (GoJK) holding around 53% shareholding in the bank. J&K Bank holds a monopolistic position in the state of J&K constituting majority of the credit and deposits in the state.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..