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

NEW DELHI, Nov 14:� 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. (PTI)