The CEO and Chairman of J&K Bank stated that they are trying to find ways to enhance the business growth by 2015-16 to Rs.1.70 lakhs as well as target an overall net profit of around Rs.1,800 crore.
The bank wants to close the monetary year of 2013-14 with a net benefit of Rs.1,260 crore. It enrolled a net benefit of Rs.303 crore, in the three months which finished September 30 and in the duration of first six months of this financial (April-September), Recently, the business of the bank crossed Rs.1-lakh crore.
In the banking industry, the bank's NPA (Non-performing assets) is considered to be the lowest. The gross NPA of the overall advances was at 1.96 percent while the net NPA closed at 0.19 percent in the first half of the financial year. From 3.94 percent, the net interest margin hiked to 4.33 percent.