1 year, 7 months ago
Jammu and Kashmir Bank records highest-ever net annual profit of ₹1,197 crore
The HinduJammu and Kashmir Bank has announced its highest-ever net annual profit of ₹1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39% and non-performing assets at an eight-year low of 6.04%, the bank also recorded its highest-ever quarterly profit of ₹476 crore in the last quarter. "Jammu and Kashmir Bank has recorded ₹1,197 crore as net profit for FY 2022-23 which is the highest ever annual profit," a bank spokesperson said. "The bank's gross and net NPA as percentages to gross and net advances improved considerably to 6.04% and 1.62% respectively, compared to 8.67% and 2.49% recorded last year."
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