Jammu & Kashmir Bank has reported results for the fourth quarter and year ended March 31, 2018.
The Bank has reported a net profit of Rs 28.41crore for the quarter ended March 31, 2018 as compared to net loss of Rs 554.30 crore for the same quarter in the previous year. However, total income of the Bank decreased marginally by 2.15% at Rs 1763.95 crore for the quarter under review as compared to Rs 1802.74 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the Bank has posted a net profit of Rs 202.72 crore as compared to net loss of Rs 1632.29 crore for the previous year. However, total income of Bank decreased marginally by 0.86% at Rs 7116.71 crore for the year under review as compared to Rs 7178.66 crore for the year ended March 31, 2017.
