Small Business

J&K Bank Q3 net up 16% to Rs 140 cr

Jammu & Kashmir Bank today reported growth of 16 per cent in its net profit at Rs 139.99 crore for the quarter ended December 31, 2009, over the same period last year. - RBI re-appoints nominee on J&K Bank board - J&K Bank turns negative - J&K Bank profits grow 41% with focus on new strategy - J&K Bank Q4 net up 32% at Rs 79 cr - J&K Bank slashes PLR by 175 bps - Cairn India Q3 net up 23% to Rs 291 cr The company had a net profit of Rs 120.67 crore in the same quarter previous fiscal, Jammu & Kashmir Bank said in a filing to the Bombay Stock Exchange (BSE). Total income rose marginally to Rs 857.36 crore for the quarter ended December 31, from Rs 839.43 crore in the same period last year. The capital adequacy ratio of the bank stood at 18.08 per cent in the quarter under review against 13.98 per cent in the same period ended December 2008. Shares of Jammu & Kashmir Bank today closed at Rs 571 on the BSE, up 3.73 per cent from previous close.

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