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J&K Bank Net Profit rises 10% to Rs 546 Crore in September Quarter


J&K Bank Net Profit rises 10% to Rs 546 Crore in September Quarter

Srinagar, Oct 22: Jammu and Kashmir Bank on Thursday reported a 10.6 per cent rise in net profit to Rs 546.36 crore for the second quarter ended September 30, driven by earnings growth and improvement in asset quality.

The bank earned Rs 494.11 crore net profit in the year-ago period.

Sequentially, its profits surged 28.8 per cent from Rs 424.18 crore in the first quarter of the current fiscal year.

 

 


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