The Jammu & Kashmir Bank has reported results for the fourth quarter and year ended March 31, 2019.
The Bank has reported around 8-fold jump in its net profit at Rs 214.80 crore for the quarter ended March 31, 2019, as compared to Rs 28.41 crore for the same quarter in the previous year. Total income of the Bank increased by 40.22% at Rs 2,473.47 crore for the quarter under review as compared Rs 1,763.95 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the Bank has posted over 2-fold jump in its net profit at Rs 464.89 crore as compared to Rs 202.72 crore for the same period in the previous year. Total income of Bank increased 19.27% at Rs 8,488.19 crore for year under review as compared to Rs 7,116.71 crore for the period ended March 31, 2018.
