Jammu & Kashmir Bank reports modest rise in Q4 net profit

Jammu & Kashmir Bank has reported results for fourth quarter and year ended March 31, 2014 The company has posted a rise of 0.21% in its net profit at Rs 250.60 crore for the quarter ended March 31, 2014 as compared to Rs 250.08 crore for the same quarter in the previous year. Total income of the company increased by 2.88% at Rs 1888.60 crore for quarter under review as compared to Rs 1835.71 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 12.07% in its net profit at Rs 1182.47 crore as compared to Rs 1055.10 crore for the same period in the previous year. Total income of company improved by 8.10% at Rs 7157.26 crore for year under review as compared to Rs 6620.53 crore for the period ended March 31, 2013.