J&K Bank net profit up 43% to Rs 104 cr in Dec quarter; gross NPAs drop 10%

However, net NPAs rose marginally to 4.59 per cent of the net loans from 4.29 per cent in the corresponding period a year ago

Jammu & Kashmir Bank has reported 43 per cent increase in its net profit at Rs 103.75 crore for the third quarter ended December 2018.

The bank had earned a profit of Rs 72.47 crore in the October-December quarter of previous fiscal, the bank said in a statement.

Total income of the bank rose to Rs 2,184.22 crore as against Rs 1,790.77 crore in the same period a year ago.

The gross non-performing assets (NPAs) as a percentage of total advances by end of December 2018 fell to 9.94 per cent as against 10.08 per cent as on December 31, 2017,