J&K Bank’s posts net profit at Rs. 803 crore
By Vaibhav Aggarwal
May 15, 2012
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Jammu and Kashmir Bank registered a 50% boost in its bottom-line for the quarter ending March 31, 2012. The bank's net profit for the period was Rs. 208 crore compared to Rs. 138.50 crore a year ago.

For the financial year 11-12, the bank saw an increase of 30.5% in its profit after tax, which was at Rs. 803 crore compared to Rs. 615 crore in the previous year.

Gross NPAs for the bank saw a decline of 35 basis points, and stood at 1.45% of advances (1.95% last year). The core income or net interest income for during the last quarter grew by 34% to Rs. 1,358 crore.
The Q4 capital adequacy ratio for the bank was 13.36%, down from 13.72% the year before.

The board has decided to reward the shareholders and has declared a dividend of Rs.33.50 per share.


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