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| J&K Bank Q4 profit surges 50.23 percent | | | early times report
mumbai, May 14: Jammu & Kashmir Bank has posted a rise of 50.23 percent its net profit for the quarter ended March 31, 2012, at Rs 208.12 crore against net profit Rs 138.56 crore in thesame period last year. Total income has increased by 30.62 percent from Rs 1132.88 crore for the quarter ended March 31, 2011 to Rs 1479.81 crore for the quarter ended March 31, 2012.
Interest earned during the quarter ended March 31, 2012, was at Rs 1357.54 crore as compared to Rs 1013.86 crore for the quarter ended March 31, 2011, representing an increase of 33.90 percent. Net non-performing assets (NPA) registered decrease of 7.33 percent to Rs 49.34 crore as on March 31, 2012 from Rs 53.24 crore as on March 31, 2011.
Net NPA ratio declined to 0.15 percent against 0.20 percent for the previous year. Capital Adequacy Ratio (CAR) of the bank, under Basel II, was at 13.36 percent as on March 31, 2012 as compared to 13.72 percent as on March 31, 2011.
The Board of Directors of the Company have recommended dividend of Rs 33.50 per share of face value of Rs 10 to shareholders for the year 2011-12 and subject to the approval of the shareholders at the Annual General Meeting later today. |
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