J&K Bank Q2 Results: Net profit rises to Rs 550.92 cr

Jammu and Kashmir Bank (J&K Bank) announced its financial results for the second quarter ended September 30, 2024, on Friday.

The Bank has posted a net profit of Rs 550.92  crores, compared with Rs 381.07 crores a year ago. It reported a net profit of Rs 415.49 crores in the last quarter. 

The bank's net interest income during the second quarter was Rs 1,435.93 crores, compared with Rs 1,333.83 crores a year earlier. The net NPA ratio moderated by 19 basis points to 0.85% YoY from 1.04%.

 In terms of segmental performance, the lender's retail business contributed the highest to the total income, with 'other retail banking' segment income amounting to Rs 580.30, up from Rs 534.14 posted a year ago. The percentage of net non-performing assets (NPA) to net advances stood at 0.85%, vs 1.04% a year ago.

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