J&K Bank net-profit zooms 139% YoY to historic-highest of Rs 1197 Cr

It’s a great feeling to deliver better than promised annual numbers: Baldev Prakash
Representational Image
Representational ImageSource: Twitter@JandKBank

Srinagar, May 5: Adding a historic milestone to its remarkable journey, J&K Bank today recorded Rs 1197 crore as net profit for FY 2022-23 as the Bank’s highest-ever annual profit.

Along with a decadal-high Capital Adequacy Ratio (CRAR) of 15.39 percent and eight-year best gross NPA figure at 6.04 percent, the Bank also registered its best ever Q4 profit of Rs 476 crore to successfully deliver its better-than-promised annual and quarterly performance.

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