Jammu & Kashmir Bank today registered 20% 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%, or Rs 50, per share for 2012-2013.
For the entire fiscal, the bank's net profit increased by 31% 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% at the end of March 2013, as against 1.54% in the previous fiscal. However, net NPAs declined 0.14% during the year from 0.15% at the end of March 2012.
