Jammu & Kashmir Bank has reported results for second quarter ended September 30, 2012.
The company’s net profit for the quarter ended September 30, 2012 jumped by 35% at Rs 269.53 crore as compared to Rs 199.65 crore for the same quarter in the previous year. However, total income of the bank has increased by 29.73% at Rs 1591.51 crore for quarter under review as compared to Rs 1226.82 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank decreased to 1.59% for the quarter as against 1.60% in the previous quarter and 1.89% in September quarter of the previous fiscal. Additionally, Net non-performing assets (NPAs) of the bank were at 0.16%, lower than 22% in the similar quarter of the previous year, but higher than 0.14% in the previous quarter.
