'J & K Bank has reported 27% growth in net profit at Rs 415.49 crore
for the quarter ended June 2024 (Q1FY2025). The bank has posted 7% growth in
net interest income (NII), while the core fee income of the bank improved 17%
in Q1FY2025. The Net Interest Margin (NIM) of the bank improved to 3.86% in
Q1FY2025 from 3.77% in the previous quarter, while eased from 3.98% in the
corresponding quarter of previous year.
On business front, the
bank as has posted 10% growth in business with 12% surge in loan book. The
asset quality of the bank has further improved in Q1FY2025. Bank has raised the
credit to deposit ratio to 74.4% at end June 2024 from 72.9% at end June 2023.
The CASA ratio of the bank has moderated to 49.8% at end June 2024 from 53.3%
at end June 2023.
Asset quality improves: The bank has further
improved asset quality with decline in fresh slippages of loans in Q1FY2025.
The fresh sli...
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