Agencies
MUMBAI, Aug 7 : Jammu & Kashmir Bank today reported a rise of 35 per cent in its net profit to Rs 246 crore for the quarter ended June 30, 2012, as compared to Rs 182 crore in the same period last year. The total income has gone up by 39.77 per cent from Rs 1,123 crore to Rs 1,570 crore in the year ago period. Interest earned during the quarter ended June 30, 2012, was at Rs 1,476 crore as compared to Rs 1,056 crore for the quarter ended June 30, 2011, representing an increase of 39.80 per cent. Net NPA was at Rs 48.16 crore for the quarter ended June 30, 2012, as compared to Rs 58.35 crore for the quarter ended June 30, 2011, representing decrease of 17.46 per cent. Capital Adequacy Ratio (CAR) under Basel II of the bank is at 13.75 percent as on June 30, 2012 as compared to 14.37 percent as on June 30, 2011, a release said. |
