Jammu and Kashmir Bank on Saturday reported an 11 per cent increase in net profit to Rs 321.29 crore in the third quarter ended December 31.

The bank had posted a profit of Rs 289.4 crore in the corresponding quarter of the previous financial year, Jammu and Kashmir Bank said in a filing to the BSE.

Total income increased to Rs 1,802.97 crore from Rs 1,623.77 crore a year earlier.

During the first nine months of 2013-14, the bank’s profit climbed 16 per cent to Rs 931.87 crore from Rs 805.02 crore in the same period a year ago.

Total income in the first three quarters rose to Rs 5,268.66 crore, compared with Rs 4,784.82 crore in the same period of the previous financial year.

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