New Delhi: Jammu and Kashmir i.e. J&K Bank has declared the results for the July-September quarter of the current financial year. In this quarter, the bank's profit increased by 45 percent to Rs 551 crore. The bank's profit in the same quarter of the last financial year was Rs 381 crore. In the information given to the stock market, the bank said that its total income increased to Rs 3,420 crore in the September quarter, which was Rs 2,954 crore in the same quarter of the last financial year. In the same quarter of the last financial year, the bank's interest income was Rs. 2,764 crore to Rs. 3,124 crores.
gross npa details
Let us tell you that the asset quality of the bank has improved and gross non-performing assets (NPAs) increased to 3.95 percent of gross loans at the end of the September quarter, which was 5.26 percent a year ago. Similarly, net NPA declined to 0.85 per cent from 1.04 per cent in the same period a year ago. The bank's capital adequacy ratio (CAR) increased from 14.53 per cent to 14.99 per cent at the end of September 2023.
share status
There was huge demand for shares of Jammu and Kashmir i.e. J&K Bank on Friday. The stock closed 4.10% higher at Rs 97.70 on the last trading day of the week. A day earlier the bank's share was Rs. Which was Rs 93.85 during trading. Reached 99.80. On February 9, 2024, this share will be priced at Rs. Went to 152.45. The stock is at its highest level in 52 weeks. On October 23, 2024 the share will be Rs. Was at 88.20. This is the 52-week low of the stock. In this sense the stock is in recovery mode.
Big fall in stock market
On the last trading day of the week, BSE Sensex fell 662.87 points and closed at 79402.29 points. It fell 927.18 points to 79137.98 during the day's trading. Due to the fall, investors' wealth declined by Rs 6.80 lakh crore on Friday.
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