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| J&K Bank to consider dividend | | | Early Times Reporter
Jammu | May 21
A meeting of the board of directors of Jammu & Kashmir Bank will be held on May 31, 2008 to consider recommendation of dividend for the financial year 2007-08.
The board at the same meeting shall also consider the audited accounts of the bank for the said year.
Jammu & Kashmir Bank registered a 30.12% growth in net profit to Rs 1,091.60 million for the quarter ended December 2007 from Rs 838.90 million in the quarter ended December 2006.
Interest earned for the quarter rose 33.50% to Rs 6,182.80 million compared with Rs 4,631.00 million in the corresponding quarter, a year ago.
Shares of the bank declined Rs 8.8, or 1.21%, to trade at Rs 720. The total volume of shares traded was 456 at the BSE. (12.08 p.m., Wednesday). |
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