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J&K Bank more than doubles yearly profit to Rs 465 Crore

For the March quarter, bank reported a profit of 214. Buoyed by strong retail credit growth, sale of partial stake in PNB MetLife and resolution of some large NPLs the total income of the bank rose to Rs 8487 crore in the FY 2018-19 as compared to Rs 7116 crore a year ago. The Corporate to retail mix of our overall advances is now 43 Corporate to 57% retail as compared 53 Corporate to 47 Retail a couple of years ago. The Bank reported a stable low cost of funds at 4. As a percentage of total loans, the Gross and Net NPA ratios of the bank improved to 8.

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