Jammu & Kashmir Bank (J&K Bank) has been ranked number one bank in the country in productivity & efficiency in mid-sized category in the Business Today - KMPG Best Bank 2013 study. The jury was highly impressed the way the bank has not just expanded its business in the past few years but also improved its productivity. The No 1 ranking has been awarded to the J&K Bank when Indian banking industry is facing multiple challenges owing to economic slowdown and mounting loan defaults.
Jammu & Kashmir Bank has reported a rise of 12.29% in its net profit at Rs 302.66 crore for the quarter ended September 30, 2013 as compared to Rs 269.53 crore for the same quarter in the previous year. However, total income of the bank increased by 9.91% at Rs 1749.22 crore for quarter under review as compared to Rs 1591.51 crore for the quarter ended September 30, 2012.
Jammu & Kashmir Bank has reported a rise of 12.29% in its net profit at Rs 302.66 crore for the quarter ended September 30, 2013 as compared to Rs 269.53 crore for the same quarter in the previous year. However, total income of the bank increased by 9.91% at Rs 1749.22 crore for quarter under review as compared to Rs 1591.51 crore for the quarter ended September 30, 2012.
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