Srinagar, July 26 -- Jammu and Kashmir Bank today posted a profit after tax (PAT) of Rs 484.84 Cr for the April-June quarter of the current financial year (CFY), registering a 16.7% year-on-year (YoY) growth from Rs 415.49 Cr reported in the same period last year.

The Bank announced its Q1 results after the Board of Directors approved the quarterly numbers at a meeting held at the Bank's Corporate Headquarters.

Performance Highlights

Net Interest Income (NII) for the quarter grew 7% YoY to Rs 1465.43 Cr, while the other income jumped 29% to Rs 250.30 Cr from Rs 194.10 Cr recorded last year.

Return on Assets (RoA) for the quarter improved to 1.17% YoY from 1.08%, while Net Interest Margin (NIM) for the quarter stood at 3.72% as against...