NEWS & ADVICE : CAR LOANS
J&K Bank’s posts net profit at Rs. 803 crore
By Vaibhav Aggarwal
May 15, 2012
Print    Email    RSS   

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.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Insider secrets of Car Loans in India
This is how a bank lends money
Carnival of Indian Personal Finance Blogs #2
Manage your loans, avoid recovery agents
Spend some time to get the best car insurance


I want to get my Car-Loan-Acount statement of my...
Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive