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

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.