New Delhi, 05 May (Hindustan Times). Private sector Jammu and Kashmir Bank has announced the results of the fourth quarter of the financial year 2022-23. The bank has made a profit of Rs 476 crore in the fourth quarter (January-March), which is the highest for any quarter so far. With this, the bank has made the highest ever net profit of Rs 1,197 crore during the entire financial year.
A bank spokesperson said in a statement on Friday that Jammu and Kashmir Bank has registered a net profit of Rs 1,197 crore during the last financial year 2022-23, which is the highest ever. The bank has earned a profit of Rs 476 crore in the fourth quarter of the last financial year, which is the highest for any quarter so far.
According to the bank’s statement, its capital adequacy ratio is 15.39 per cent, which has been the highest in a decade. With this, the NPA is at an eight-year low of 6.04 per cent. The Bank’s Chief Executive Officer (CEO) and Managing Director Baldev Prakash said that the experience of giving better annual results than the future is wonderful. With these figures, I can clearly see the change in the functioning of the bank.
Jammu & Kashmir Bank is a private sector bank operating in India. Most of the branches of this bank are in Jammu and Kashmir. However, branches of the bank are functioning in other cities of the country including Delhi.
