India's Jammu and Kashmir Bank gains on Q2 profit rise
Today 09:53
BUZZ-India's Jammu and Kashmir Bank gains on Q2 profit rise ** Shares of Jammu and Kashmir Bank JKBK.NS rise as much as 5% to 142.28 rupees, hitting their highest level in two weeks
** The lender reported a 10.6% y/y rise in net profit to 5.46 billion rupees ($57.59 million); net interest income rises 5%
** Asset quality improved with gross bad loans percentage at 2.23% from 2.37% a quarter ago
** "Remain focused on sustaining this momentum through the second half," MD & CEO Amitava Chatterjee said on improving asset quality
** Stock up ~35% so far this year
($1 = 94.8100 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
Recent news on Jammu And Kashmir Bank
See all newsIndia's Jammu and Kashmir Bank gains on Q2 profit rise
Brief: Jammu And Kashmir Bank Q2 Net Profit 5.46 Billion Rupees
Brief: Jammu And Kashmir Bank June-Quarter NIM At 3.28%
Brief: Jammu And Kashmir Bank Q1 Net Profit 4.24 Billion Rupees
Brief: Jammu And Kashmir Bank To Divest 0.5% Stake In PNB Metlife For 1.20 Billion Rupees