Net interest margin (NIM) of Jammu & Kashmir Bank is expected to sustain at current levels of 3.7% to 3.9%, said an analysts from ICICI direct.com in a note to investors.
ICICI direct.com analysts have based this expectations on the faster pace of credit growth within Jammu and Kashmir and improvement in credit deposit (CD) ratio from the current 62% to 65%.
ICICI direct.com expects that the bank's business will grow at 20% CAGR to Rs 1,24,164.2 crore, which would support profits CAGR of 25.1% to Rs 1,256.7 crore over FY12-14E.
