'Record-breaking': J&K Bank posts net profit of Rs1767 cr
SRINAGAR, May 4 -- In yet another record-breaking performance, J&K Bank has posted a net profit of Rs1767 Cr for the fiscal 2023-24 - a remarkable improvement of 48% over the previous high of Rs. 1197 Crore achieved last year.
The Bank declared its annual and Q4 results today after its Board of Directors approved the numbers in a meeting held here at the Bank's Corporate Headquarters. On the occasion, the Board of Directors of the Bank also recommended a handsome final dividend of Rs. 2.15 per share of Face Value Re 1.00 for its shareholders.
The Bank's net profit for the Q4FY23-24 also rose by 34% to Rs 638.67 Cr when compared to Rs 476.33 Cr recorded last financial year. This also is a historic high for quarterly profits.
Beating its...
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