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Jammu & Kashmir Bank posts Q3 net profit at Rs 724.7 million

The bank had reported a net loss of Rs 4,984.7 million in the October

Press Trust of India 

J&K Bank, Jammu and Kashmir Bank
Photo: Shutterstock

Jammu & Kashmir Bank on Wednesday reported a net profit of Rs 724.7 million during the quarter ended December 31, 2017.

The bank had reported a net loss of Rs 4,984.7 million in the October-December quarter of 2016-17.

A fall in bad loan proportion helped the bank report profit on its books.

First Published: Thu, February 01 2018. 00:38 IST
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