Jammu & Kashmir Bank has reported results for first quarter ended June 30, 2013.
The bank has reported a rise of 25.12% in its net profit at Rs 307.92 crore for the quarter, as compared to Rs 246.09 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 9.36% to Rs 1716.47 crore for the quarter under review as compared to Rs 1569.53 crore for the quarter ended June 30, 2012.
Gross non-performing assets (NPAs) increased to 1.67% in the April-June quarter as against 1.60% in the same quarter previous year while, net NPAs unchanged at 0.14%.
