The bank's return on assets jumped 20 basis points sequentially to 1.07 per cent in the quarter
Jammu and Kashmir Bank on Thursday reported a 10.6 per cent rise in net profit to ₹546.36 crore for the second quarter ended September 30, driven by earnings growth and improvement in asset quality.
The bank earned ₹494.11 crore net profit in the year-ago period.
Sequentially, its profits surged 28.8 per cent from ₹424.18 crore in the first quarter of the current fiscal year, a bank spokesperson said.
The bank announced the financial results after its Board of Directors reviewed and approved the quarterly and half-yearly figures at a meeting held at its corporate headquarters here on Thursday.