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J&K Bank Q1 profit slips 13% as higher provisions hit earnings
Jammu and Kashmir Bank reported a 12.6% decline in Q1 net profit to Rs 424 crore due to higher provisions despite improved asset quality. Advances and deposits grew strongly, while net interest margin narrowed, triggering a nearly 13% decline in the banks share price.
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thehindubusinessline.com
Jammu & Kashmir Bank Q1 net drops 11.5% to ₹429 crore
Total income rises to ₹3,765 crore during June quarter of FY27, from ₹3,521 crore in the corresponding period of last fiscal; Net Interest Income (NII) increases 2% to ₹1,497 crore
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J&K Bank Q1 net profit rises to ₹424 crore
J&K Bank's Q1 net profit rises to Rs 424 crore, driven by strong advances and deposits despite margin pressures.
