Jammu & Kashmir Bank net profit rises
By Our Banking Bureau | 08 Jul 2002
The operating profits jumped by Rs 116.06 crore registering an increase of Rs 12.16 crore over the corresponding period last fiscal.
Last fiscal the banks turnover registered an all-time high of Rs 19,335 crore with the lowest non-performing assets of 1.88 crore. J&K Bank chairman Mohammed Yousuf Khan says under the annual credit plan of 2001-02, the banks were provided Rs 536.50 crore in favour of 52,204 beneficiaries.
"Our contribution was Rs 220.64 crore, which is 41.13 per cent of the aggregate achievement made by all banks in the state during the year," he says. There are 29 banks, including 18 nationalised banks, operating in the state with 978 branches.
