Srinagar-headquartered J&K Bank on Monday said it intended to grow its loanbook by 25 per cent in this financial year, with a 30 per cent growth in loans from its home state, Jammu and Kashmir (J&K).

Jammu & Kashmir Bank – Healthy business growth, robust NIM, stable asset quality; Buy.

Profit after tax grew 20% Y-o-Y (but declined 14% Q-o-Q) to Rs 250 crore.

Jammu & Kashmir Bank registered 20 per cent rise in net profit at Rs 250 crore for its fourth quarter ended March 31. The bank had recorded a profit of Rs 208.1 crore in the same period of the previous financial year.

NHPC reported PAT of INR3.1b for 3QFY13. This includes adjustment of prior period revenue, reversal of expenditure and interest income on water cess recovery. Adjusted PAT was INR2.4b, in line with our estimate.

The bank had posted a net profit of Rs 213.19 crore for the corresponding quarter last fiscal, Jammu and Kashmir Bank said in a filing to the BSE.

Net interest margin (NIM) of Jammu & Kashmir Bank is expected to sustain at current levels of 3.7% to 3.9%, said an analysts from ICICI direct.com in a note to investors.

Dalal Street’s romance with Srinagar-based Jammu & Kashmir Bank is proving to be a long-drawn one. Tagged as a sleepy, regional lender till a few years earlier, the bank’s stock was not much talked about in the investors’ community.

Jammu and Kashmir (J&K) Bank has surged 5% to Rs 1,174 after reporting a better-than-expected 35% year-on-year (yoy) jump in net profit at Rs 270 crore for the second quarter ended September 2012. Analyst on an average expected profit of Rs 226 crore

Jammu and Kashmir (J&K) Bank is trading higher by 4% to Rs 1,125, also its lifetime high, in otherwise weak market on the Bombay Stock Exchange. The stock opened at Rs 1,085 and has seen a combined 70,606 shares changing hands on the counter so far.

Mushtaq Ahmad has been steering Jammu & Kashmir Bank as chairman and chief executive since October 2010. In an interview with Somasroy Chakraborty, he shares the bank’s plans.

Jammu & Kashmir Bank has revamped its wholesale banking strategy to increase its emphasis on working capital finance as against term loans.

Private sector lender Jammu & Kashmir Bank has surpassed the business target of Rs 85,000 crore for FY12 and aims to reach the Rs 1 lakh crore target during the current fiscal.

“Unit IV of 135MW of the 8X135MW power project at Barmer, Rajasthan, has been successfully commissioned and has achieved Commercial Operation Date (COD) from December 04, 2011,&" the electric utilities company said in a filing to the stock

"The shareholders of the bank have in their 73rd annual general meeting on July 9 approved the payment of dividend at 260% for the financial year ended 2010-11," J&K Bank said in a filing to the Bombay Stock Exchange (BSE).

Jammu & Kashmir Bank on Monday recorded a 21.6 per cent rise in net profit at Rs 163.2 crore in the September quarter on strong net interest income numbers.

Private sector lender Jammu & Kashmir Bank today recorded a 21.6 per cent rise in net profit at Rs 163.2 crore in the second quarter of this fiscal, on strong net interest income numbers.

Even after a sharp dip, the stock still seems risky bet as it is likely to see some rating downgrades given impending changes in the management.

Haseeb Drabu on Friday resigned as chairman of Jammu & Kashmir Bank, a year before his term was scheduled to end. Appointed by the earlier PDP-Congress coalition government, Drabu was asked to resign by the state government.

Jammu and Kashmir Bank (J&K Bank) is trading 6% lower at Rs 802 on reports that the bank Chairman Haseeb Drabu has been asked to resign.