Jammu & Kashmir Bank (J&K Bank) is planning to develop a modern community park in Bandobasti Housing Colony in Leh in the state of Jammu and Kashmir. Also known as Bomb-guard, the area was an army ammunition depot not long ago. This is the first park to be designed and developed by the bank under its Corporate Social Responsibility (CSR) in Ladakh, which remains cut-off for almost six months from rest of the world.
The bank reported a rise of 25.12% in its net profit at Rs 307.92 crore for the first quarter ended June 30, 2013, as compared to Rs 246.09 crore for the same quarter in the previous year. Total income from operation of the bank 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.
