The Jammu & Kashmir Bank Limited releases Financial Results for the Quarter and Financial Year ended 31st March, 2017

The Jammu & Kashmir Bank Limited has informed the Exchange regarding a press release dated May 13, 2017, titled "Press release on Audited Financial Results for the Quarter and Financial Year ended 31st March, 2017.

J&K bank declares Financial results for the quarter and Financial year ending 31st March, 2017.

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Detailed report and Press release can be downloaded here

About J&K Bank Limited,

J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country. It is also the only private sector bank designated as RBI’s agent for banking business, and carries out the banking business of the Central Government, besides collecting central taxes for CBDT.

J&K Bank follows a two-legged business model whereby it seeks to increase lending in its home state which results in higher margins despite modest volumes, and at the same time, seeks to capture niche lending opportunities on a pan-India basis to build volumes and improve margins.

J&K Bank operates on the principle of 'socially empowering banking' and seeks to deliver innovative financial solutions for household, small and medium enterprises.

The Bank , incorporated in 1938, and is listed on the NSE and the BSE.