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J&K Bank reported Q3 net loss at Rs 498 crore

J&K Bank reported Q3 net loss at Rs 498 crore

Saturday, February 4, 2017, 5:10 PM

Due to sharp jump in provisions for bad loans, J&K bank posted a net loss of Rs 498.47 crores for the third quarter ended December 2016. The bank had reported a net profit of Rs 117.68 crore in October-December quarter of 2015-16.Its total income also decreased to Rs 1,770.2 crore in the reporting quarter from Rs 1,806.08 crore in same period last fiscal.
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