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Jammu & Kashmir Bank reports net profit of Rs 71.64 crore in Q2FY18

27 Oct 2017 Evaluate

Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2017.

The Bank has reported net profit of Rs 71.64 crore for the quarter ended September 30, 2017 as compared to net loss of Rs 602.40 crore for the same quarter in the previous year. However, the total income of the Bank decreased by 2.49% at Rs 1771.46 crore for Q2FY18 as compared Rs 1816.67 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 10.87%, as compared to 11.33% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.76% in Q2FY18.   


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