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Jammu and Kashmir Bank Q1 net profit up 23.73% to Rs 117 cr

Jammu and Kashmir Bank has announced its Q1FY10 numbers. Its net profit went up 23.73% to Rs 117 crore from Rs 94.56 crore, YoY. The bank's net interest income was up 17.56% to Rs 265.99 crore from Rs 226.25 crore, YoY. Bank's net interest margins improved by 10 bps. Other income of the Bank increased 78.29% to Rs 115.68 crore from Rs 64.88 crore and provisions went up at Rs 80.23 crore versus Rs 41.44 crore, YoY.
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