 "J&K Bank")
Jammu & Kashmir (J&K) Bank surged 10% to Rs 91.90 on BSE in early morning trade on improvement in asset quality in April-June quarter (Q1FY18) as against the previous (January-March) quarter.
The bank’s gross non-performing assets (as a percentage of gross advances) in Q1 improved to 10.79%, against 11.20% for the quarter ended March 2017 (Q4FY17). Net NPAs stood at 4.65%, compared with 4.87% in Q4FY17. Gross NPA and Net NPA stood at 9.31% and 6.19%, respectively, at the end of June 2016 quarter.
In absolute terms, GNPAs were Rs 5,641 crore for the first quarter of FY18,
The bank’s gross non-performing assets (as a percentage of gross advances) in Q1 improved to 10.79%, against 11.20% for the quarter ended March 2017 (Q4FY17). Net NPAs stood at 4.65%, compared with 4.87% in Q4FY17. Gross NPA and Net NPA stood at 9.31% and 6.19%, respectively, at the end of June 2016 quarter.
In absolute terms, GNPAs were Rs 5,641 crore for the first quarter of FY18,
