Jammu & Kashmir Bank today posted 15% jump in net profit at Rs 138.5 crore for the fourth quarter ended March 31, 2011.
The lender had a net profit of Rs 120 crore in the same period last year, Jammu & Kashmir Bank said in a filing to the Bombay Stock Exchange (BSE).
Total income of the bank increased to Rs 1,132.8 crore in the January-March quarter from Rs 875.1 crore in the same period previous year.
The bank has proposed a dividend of Rs 26 (260%) per share of face value of Rs 10 for the year 2010-11.
For the year ended March 31, 2011, the bank's net profit grew by by 20% to Rs 615.2 crore, against Rs 512.3 crore in the previous fiscal.
At the same time, total income of the bank increased to Rs 4,077.8 crore in 2010-11, compared to Rs 3,473.1 crore in the previous fiscal.
