Despite tough challenges, we are on track to achieve our annual guidance numbers: MD & CEO

Srinagar: J&K Bank on Saturday said that it has posted a net profit of Rs 494.11 crore for the July-September quarter of the current financial year, maintaining its trajectory to meet annual market guidance despite higher provisioning requirements due to regulatory compliance. In a statement issued here on Saturday the J&K Banks’s CEO and Managing Director Amitava Chatterjee said that the bank’s half-year net profit increased to Rs 978.95 crore from Rs 966.41 crore in the same period last year. The financial results were approved by the Board of Directors during a meeting at the bank’s headquarters. The bank’s net interest income (NII) for the first half of the year rose by 3.4% year-on-year to Rs 2

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