Srinagar: Jammu & Kashmir Bank today posted 15 per cent jump in net profit at Rs 138.5 crore for the fourth quarter ended March 31, 2011.
The lender had a net profit of Rs 120 crore in the same period last year, Jammu & Kashmir Bank said in a filing to the Bombay Stock Exchange (BSE).
Total income of the bank increased to Rs 1,132.8 crore in the January-March quarter from Rs 875.1 crore in the same period previous year.
The bank has proposed a dividend of Rs 26 (260 per cent) per share of face value of Rs 10 for the year 2010-11.
For the year ended March 31, 2011, the bank’s net profit grew by by 20 per cent to Rs 615.2 crore, against Rs 512.3 crore in the previous fiscal.
At the same time, total income of the bank increased to Rs 4,077.8 crore in 2010-11, compared to Rs 3,473.1 crore in the previous fiscal.