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J&K
Bank Q1 net rises 35%
Our
Banking Bureau
12 July 2003
 New
Delhi: Jammu and Kashmir Bank (J&K Bank) has recorded
a net profit of Rs 97.65 crore for the quarter ended 30
June 2003 — a 35-per cent rise over the Rs 72.30-crore
profit in the corresponding period of the previous year.
The
operating profit for the quarter ended 30 June 2003 recorded
Rs 166.78 crore — a 43.7-per cent jump over the corresponding
period of the previous year. The total income of the bank
recorded an increase by Rs 66.19 crore to Rs 457.09 crore
during the quarter.
 The
total number of branches and offices as on 30 June 2003
increased to 456 against 443 during the same period last
year. The number of computerised branches and offices
during the period rose to 336 including those under process
against 245 branches of the corresponding date of the
previous year, covering over 85 per cent of the business
of the bank.
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