Srinagar, May 5 -- The Bank declared its annual and Q4 results today after its Board of Directors approved the numbers at a meeting held here at the Bank's Corporate Headquarters. The Bank's net profit for Q4FY24-25 stood at Rs 584.54 Cr, up 10% QoQ from Rs 531.51 Cr recorded during the previous quarter of the FY 2024-25.

Performance Highlights: Beating consecutively its own highest record of profits achieved during the last two financial years, the Bank's annual net profit surged to Rs 2082.46 Cr, while maintaining a strong and resilient balance sheet.

With its other income crossing Rs 1000 Cr mark at Rs 1136.81 Cr and up YoY by 37.7%, the Bank's Net Interest Income (NII) grew 11.34 % YoY to Rs 5793.82 Cr while the net interest margin ...