J&K Bank Q3 net up 36% at Rs.289 cr

Written by Press Trust of India | New Delhi | Updated: Feb 5 2013, 09:01am hrs
Jammu and Kashmir Bank on Monday reported a 36% increase in net profit at R289.4 crore for the third quarter ended December 31, 2012.

The bank had posted a net profit of R213.19 crore for the corresponding quarter last fiscal, Jammu and Kashmir Bank said in a filing to the BSE.

Total income of the bank increased to R1,623.77 crore during the October-December quarter from R1,340.16 crore in the same period last year.

During the first nine months of 2012-13, the bank's profit rose by 35% to R805.02 crore from R595.13 crore in the same period a year ago. The bank's total income rose to R4,784.82 crore in the first three quarters, compared with R3689.89 crore in the same period of last financial year. Shares of the bank was trading at R1,399.50 per unit, up 1.63% on BSE.