Jammu and Kashmir Bank is planning to add over 300 new business units in the next two years, in order to take the total number of units to 1,000. Currently, it has 689 business units and 613 ATM outlets spread across the country. The bank also aims massive ATM network expansion and is eager to cover all unbanked and far-flung areas in an effort to make the state financially inclusive.
The bank’s net profit for the quarter ended March 31, 2013 has increased by 20.16% at Rs 250.08 crore for the quarter as compared to Rs 208.12 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 24.05% to Rs 1835.71 crore for the quarter under review, as compared to Rs 1479.81 crore for the corresponding quarter of the previous fiscal.
