J&K Bank's Annual Net Soars 48% To Reach Its Highest Ever Profit Of Rs 1767 Cr
Srinagar, May 4 -- 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.
Performance Highlights: Beating its previous highest-ever profit of Rs. 1197 Crore achieved only last year, the Bank's net profit surged by 48% to record a new high of Rs 1767 Cr. In line with its promise of meeting annu...
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