Jammu and Kashmir Bank on Saturday said its net profit fell 11 per cent to Rs 494.11 crore in July-September quarter of the current financial year, while earnings for the first half increased slightly to Rs 978.95 crore.

While maintaining higher provisioning requirements owing to regulatory compliance, J&K Bank logged a net profit of Rs 494.11 crore in the second quarter of current financial year, remaining well on course to meet its annual market guidance, the bank said in a statement here.

Its net profit for the first half increased to Rs 978.95 crore compared to Rs 966.41 crore recorded in the same period of last financial year.

The bank had earned a net profit of Rs 551 crore in the July-September period of the preceding fiscal.

Total income rose to Rs 3,447 crore in the quarter un

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