'J&K Bank has reported 26% growth in net profit at Rs 531.51 crore for the quarter
ended December 2024 (Q3FY2025). The bank has posted healthy 18% growth in net
interest income (NII), while the core fee income of the bank improved 2% in
Q3FY2025. The Net Interest Margin (NIM) of the bank improved to 4.04% in
Q3FY2025 compared to 3.83% in the corresponding quarter of previous year.
On business front, the
bank as has posted 8% growth in business with 6% rise in loan book. The asset
quality of the bank has been impacted due to rise fresh slippages of loans in
Q3FY2025. Bank has witnessed reduction in the credit to deposit ratio to 70.3%
at end December 2024 from 72.8% at end December 2023. CASA ratio of the bank
has declined to 48.2% at end December 2024 from 50.6% at end December 2023.
Asset quality shows
pressure: The
bank has witnessed pressure on asset quality on account of rise in fresh
slippages of l...
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