Jammu & Kashmir Bank Q2 profit surges 45% to Rs 551 crore

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Jammu & Kashmir Bank connected Friday reported a 45 per cent maturation successful its nett net to Rs 551 crore successful the 4th ended September 2024.

The slope had earned a nett net of Rs 381 crore successful the year-ago period.

Total income roseate to Rs 3,420 crore successful the 4th nether reappraisal from Rs 2,954 crore successful the aforesaid play a twelvemonth ago, J&K Bank said successful a regulatory filing.

Interest income of the slope roseate to Rs 3,124 crore successful the July-September 4th from Rs 2,764 crore successful the 2nd 4th of 2023.

Asset prime of the slope witnessed betterment with gross non-performing assets (NPAs) falling to 3.95 per cent of gross advances astatine the extremity of the September 4th of 2024 against 5.26 per cent a twelvemonth ago.

Net NPAs oregon atrocious loans besides declined to 0.85 per cent compared to 1.04 per cent successful the year-ago period.

Its Capital Adequacy Ratio accrued to 14.99 per cent from 14.53 per cent astatine the extremity of September 2023.

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