Jammu & Kashmir Bank posted a 50.2 per cent jump in its net profit at Rs.208.1 crore for the fourth quarter ended March 31, 2012, against Rs.138.5 crore in the same period in the previous year, the said in a filing to the BSE.
Total income of the bank increased to Rs.1,479.81 crore from Rs.1,132.8 crore.
The bank has proposed a dividend of Rs.33.50 per share of the face value of Rs.10 for 2011-12.
For the year ended March 31, 2012, the bank's net profit grew by 31 per cent to Rs.803.25 crore from Rs.615.2 crore in the previous fiscal. Total income increased to Rs.5,169.70 crore from Rs.4,077.8 crore. The gross NPA declined to 1.54 per cent from 1.95 per cent at the end of March last year.
Keywords: J&K Bank net profit