#JammuVirasat
  • Home
  • InFocus
  • Videos
No Result
View All Result
  • Home
  • InFocus
  • Videos
No Result
View All Result
#JammuVirasat
No Result
View All Result
Home Trending

Jammu & Kashmir Bank reports 58% fall in Q1 net profit

Team JV by Team JV
August 3, 2019
in Trending
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

State-run Jammu & Kashmir Bank on Saturday reported a 58 per cent fall in its net profit to Rs 21.87 crore in the first quarter of 2019-20 due to a rise in provisions for bad loans.

The bank had posted a net profit of Rs 52.59 crore in the April-June quarter of the previous fiscal.

Total income during the first quarter of 2019-20 rose to Rs 2,256.25 crore from Rs 1,897.24 crore in the same period of 2018-19, the bank said in a release.

On asset front, gross non performing assets fell to 8.48 per cent of gross advances as on June 2019, as against 9.83 per cent by June end 2018.

Net NPAs also came down to Rs 4.36 per cent from 4.46 per cent a year ago.

However, the provisioning for bad loans and contingencies moved up to Rs 293.21 crore in the June quarter from Rs 255.01 crore in the same quarter of previous fiscal.

Source: Online Reports

#JammuVirasat

© 2023 Jammu Virasat - Developed by BuzzBee360.

Navigate Site

  • Contact
  • Privacy Policy
  • Terms and conditions
  • Disclaimer

Follow Us

No Result
View All Result
  • #JammuVirasat
  • About
  • Contact
  • Disclaimer
  • Partner Events
  • Privacy Policy
  • Terms and conditions

© 2023 Jammu Virasat - Developed by BuzzBee360.

error: Content is protected !!
Go to mobile version