J&K Bank Q2 profit up 13.5% at Rs 196 cr

J&K Bank today reported a 13.5 per cent increase in net profit at Rs 195.62 crore for the second quarter ended September 30.

The bank had posted a net profit of Rs 172.3 crore in the corresponding quarter last fiscal, J&K Bank said in a regulatory filing.

The total income of the lender declined marginally to Rs 1,847.84 crore during the quarter from Rs 1,883.16 crore over the corresponding period of 2014-15 fiscal.

During the quarter, gross Non-performing Assets (NPAs) increased to 6.46 per cent from 4.73 per cent at the end of second quarter of 2014-15.

At the same time, net NPA of the bank also rose to 2.78 per cent from 2.46 per cent of the total assets.
 

During the first half of 2015-16, the bank clocked 17.2 per cent rise in net profit to Rs 354.38 crore compared with Rs 302.35 crore in the same period a year ago.