 "Jammu & Kashmir bank Q1 net up 22% at Rs 159 crore")
However, total income of the bank fell in the first quarter to Rs 1,888.35 crore as against Rs 1,899 crore a year ago, because of a higher tax outgo.
The tax expenses during April-June period of current fiscal rose to Rs 86.68 crore from Rs 70.70 crore a year ago, the bank said in a BSE filing.
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Meanwhile, the asset quality of the bank slipped further as gross non-performing assets (NPAs) were at 6.63% of gross advances as against 4.16% a year earlier.
Net NPAs or bad loans too were higher at 2.95% of net advances as against 2.18% a year ago.
Jammu & Kashmir Bank scrips traded at Rs 112 a share of BSE, up 2.10% from previous close.
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