Moneycontrol
Feb 03, 2017 06:21 PM IST IST | Source: CNBC-TV18

J&K Bank Q3 net loss seen at Rs 151 cr, NII may fall 6%

Jammu & Kashmir Bank is expected to report net loss at Rs 151 crore for October-December quarter against profit of Rs 287.5 crore in same quarter last year.


Jammu & Kashmir Bank is expected to report net loss at Rs 151 crore for October-December quarter against profit of Rs 287.5 crore in same quarter last year.


Net interest income is seen falling 6.5 percent to Rs 629.9 crore compared with Rs 673.7 crore in corresponding quarter of last fiscal.


Key things to watch out for would be asset quality.

Analysts say if gross non-performing assets come below 12 percent (against 11.3 percent in Q2) then that will be positive.

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