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J&K Bank’s interest margin to touch 3.25 percent
1/10/2008 10:01:29 PM
Early Times Reporter
Jammu | Jan 10
Jammu and Kashmir Bank expects its net interest margin to rise to 3.25 percent by March from the present 3 percent, Chairman Haseeb Drabu said today.
Net interest margin is the difference between the interest earned and the interest paid by the bank and is one of the key determinants of profitability from its fund-based business.
Shares in the bank were trading 0.4 percent down at 860.10 rupees in the Mumbai market, he added.
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