Jammu & Kashmir Bank has reported results for third quarter ended December 31, 2016.
The Bank has posted a net loss of Rs 498.47 crore for the quarter as compared to a net loss of Rs 117.68 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 1.99% at Rs 1770.20 crore for Q3FY17 as compared Rs 1806.08 crore for the corresponding quarter previous year.
The Bank's gross NPA for the October-December quarter of the current fiscal increased to 11.84%, as compared to 6.81% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 5.99% in Q3FY17.