Jammu & Kashmir Bank reports 36% rise in Q3 net profit

The Jammu & Kashmir Bank Ltd. | Bank - Private | BFSI | BSE: 532209 | NSE: J&KBANK

04 Feb 2013 Evaluate

Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2012.

The bank’s net profit for the quarter has surged by 35.75% at Rs 289.40 crore as against Rs 213.19 crore for the quarter ended December 31, 2011. Bank’s total income has increased by 21.16% to Rs 1623.77 crore for the quarter under review from Rs 1340.16 crore for Q3FY12.

The bank’s Gross NPA decreased to 1.61% for December quarter as against 1.80% for the corresponding quarter of the previous year. Likewise, Net NPA too was lower at 0.14% as against 0.16% in Q3FY12.

Peers

Company Name	CMP
HDFC Bank	717.00
ICICI Bank	1352.00
Axis Bank	1220.35
Kotak Mahindra Bank	409.60
Indusind Bank	957.60
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