Jammu & Kashmir Bank has attained the promised Rs 1 lakh crore business in Platinum Jubilee year. The bank now aims to meet its other annual targets as well, despite of slowing domestic economy. The entity expects to tackle all the challenges and convert them into opportunities demonstrating its innate capacity to rise to the occasion.
The bank’s net profit for third quarter ended December 31, 2012 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.
