J&K Bank profit increases 35% to Rs 421 crore in December quarter

The bank’s Net Interest Income (NII), the difference between interest earned and interest expended, soared 1.8 per cent to Rs 1,280.4 crore in Q3FY24, from Rs 1,257.4 crore in Q3FY23.

Source: Pexels

J&K Bank’s Gross Non-performing Assets (GNPAs) improved 6.2 per cent to Rs 4,528.5 crore in the December quarter, from Rs 4,826.7 crore in the September quarter (Q2FY24).

Source: Pexels

Meanwhile, its Net Non-performing Assets (NNPA) appreciated 19.2 per cent sequentially to Rs 740.8 crore in Q3FY24, from Rs 917.4 crore in Q2FY24.

Source: Pexels