Jammu & Kashmir Bank Q4 net profit up 20% at Rs 250 cr
New Delhi: Jammu & Kashmir Bank on Wednesday registered 20 percent rise in net profit at Rs 250 crore for its fourth quarter ended March 31, 2013.
The bank had recorded a profit of Rs 208.1 crore in the same period of the previous fiscal, Jammu & Kashmir Bank said in a filing to the BSE.
Total income of the bank rose to Rs 1,835.71 crore in January-March quarter as compared to Rs 1,479.81 crore in the same period during the previous fiscal.
The bank proposed a dividend of 500 percent, or Rs 50, per share for 2012-2013.
For the entire fiscal, the bank's net profit increased by 31 percent at Rs 1,055.10 crore, compared to Rs 803.25 crore in 2011-12.
Total income increased to Rs 6,620.53 crore during the year, compared to Rs 5,169.70 crore in the previous fiscal.
Gross non-performing assets (NPAs), as a proportion of advances, rose to 1.62 percent at the end of March 2013, as against 1.54 percent in the previous fiscal. However, net NPAs declined 0.14 percent during the year from 0.15 percent at the end of March 2012.
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