Jammu, Jan. 4 -- Srinagar, Jan 4(KNS); Jammu and Kashmir Bank witnessed a double-digit growth in its total business for the third quarter of the current financial year, reflecting steady expansion in deposits and advances despite moderation in low-cost deposits. In a quarterly business update, the bank said its total business increased 13.34 per cent year-on-year to ?2.72 lakh crore at the end of the December quarter, compared with the corresponding period last year. Total deposits grew 10.58 per cent year-on-year to ?1.55 lakh crore, indicating continued deposit mobilisation during the quarter. The bank said the growth was supported by both retail and institutional deposits, though the pace of expansion in low-cost deposits remained mode...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.