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Jammu & Kashmir Bank reports net loss of Rs 498.47 crore in Q3

06 Feb 2017 Evaluate

Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2016.

The Bank has posted a net loss of Rs 498.47 crore for the quarter as compared to a net loss of Rs 117.68 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 1.99% at Rs 1770.20 crore for Q3FY17 as compared Rs 1806.08 crore for the corresponding quarter previous year. 

The Bank's gross NPA for the October-December quarter of the current fiscal increased to 11.84%, as compared to 6.81% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 5.99% in Q3FY17.

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
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