Jammu & Kashmir Bank today posted 50.2% jump in net profit at Rs 208.1 crore for the fourth quarter ended March 31, 2012.
The lender had a net profit of Rs 138.5 crore in the same period last year, Jammu & Kashmir Bank said in a filing to the BSE.
Total income of the bank increased to Rs 1,479.81 crore in the January-March quarter from
Rs 1,132.8 crore in the same period previous year.
The bank has proposed a dividend of Rs 33.50 (335%) per share on face value of Rs 10 for the year 2011-12.
For the year ended March 31, 2012, the bank's net profit grew by 31% to Rs 803.25 crore, against Rs 615.2 crore in the previous fiscal.
At the same time, total income of the bank increased to Rs 5,169.70 crore in 2011-12, compared to Rs 4,077.8 crore in the previous fiscal.
Significantly, the gross NPA for Jammu & Kashmir Bank as a proportion of advances declined to 1.54% against 1.95% at the end of March last year.
Net NPA also slipped to 0.15% during the year from 0.20%.