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Jammu & Kashmir Bank Ltd. ( ($IN:J&KBANK) ) has shared an announcement.
Jammu & Kashmir Bank Limited reported a net profit of Rs 494.11 crore for the second quarter of the current financial year, with a half-yearly net profit of Rs 978.95 crore. Despite challenges such as regulatory compliance and natural disasters, the bank has maintained its market guidance and demonstrated resilience in its financial performance. The bank’s asset quality has improved, with a decrease in gross and net NPA ratios, and a strong provision coverage ratio above 90%. Business growth was also notable, with deposits and net advances showing significant year-on-year increases.
More about Jammu & Kashmir Bank Ltd.
Jammu & Kashmir Bank Limited operates in the financial services industry, primarily offering banking services. The bank is focused on serving the Jammu and Kashmir region in India, providing a range of financial products and services to its customers.
Average Trading Volume: 192,810
Current Market Cap: 117.7B INR
For detailed information about J&KBANK stock, go to TipRanks’ Stock Analysis page.