Jammu & Kashmir Bank reports 60% fall in Q1 consolidated net profit
3rd Aug 2019

Jammu & Kashmir Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported 58.41% fall in its net profit at Rs 21.87 crore for the quarter under review as compared to Rs 52.59 crore for the same quarter in the previous year. However, total income of the Bank increased by 18.92% at Rs 2256.25 crore for Q1FY20 as compared Rs 1897.24 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a fall of 59.56% in its net profit at Rs 21.15 crore for the quarter under review as compared to Rs 52.30 crore for the same quarter in the previous year. However, total income of the Bank increased by 18.92% at Rs 2257.42 crore for Q1FY20 as compared Rs 1898.33 crore for the corresponding quarter previous year.