J&K Bank signals turn-around, posts net profit of Rs 30 cr for Q1

NEW DELHI: Inching closer to turnaround in its bottom-line J&K Bank today reported a gross operating profit of Rs 368 Cr and Net profit of Rs 30 Cr for the quarter ended June 2017.

The reviewed results were declared by the Bank today after the Board of the Bank adopted the numbers in its meeting held here at the bank’s Corporate Headquarters.

Notably, the Bank had issued a guidance for 2017-18 being the turnaround year after reporting a loss of Rs 1632 Cr during the last financial year. (AGENCIES)