Excelsior Correspondent
SRINAGAR, June 15: J&K Bank has paid an advance tax of Rs 90 crore for the first quarter of the current financial year 2013-14.
Last financial year the bank had paid advance tax of Rs 68 crore for the first quarter ended June 2012.
Experts say that paying of the advance tax of Rs 90 crore for the first quarter ending June 2013 indicates progressive performance of the bank. Notably, the bank surpassed its target of Rs 1000 crore net profits and Rs one lakh crore business at the end of the last fiscal.
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