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Jammu & Kashmir Bank Net Up 22% At Rs 159 Crore

Updated: August 24, 2015 6:00 am

Jammu and Kashmir bank’s 22 per cent rise in net profit at Rs 158.76 crore for the first quarter ended June 30, 2015, against Rs 130.05 crore in the corresponding quarter of previous fiscal. However, total income of the bank fell in the first quarter to Rs 1,888.35 crore as against Rs 1,899 crore a year ago, because of a higher tax outgo. The tax expenses during April-June period of current fiscal rose to Rs 86.68 crore from Rs 70.70 crore a year ago, the bank said in a BSE filing.

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