Net interest income, the difference between interest earned and interest expended, may fall 4.5 percent to Rs 617.9 crore
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.
CLSA has upgraded Jammu & Kashmir Bank rating from sell to buy with a revised target of Rs 77 (against Rs 65 earlier) as it believes valuation is reasonable and bank's focus on sanitising its book (asset quality) is also encouraging. However, the brokerage house cut its earnings estimates for FY17-19 after September quarter earnings.
Net Interest Income is expected to increase by 0.7 percent Q-o-Q (down 8.2 percent Y-o-Y) to Rs 637.2 crore, according to Centrum.
Mushtaq Ahmad, Chairman and CEO, Jammu & Kashmir Bank says FY15 was a tough and challenging year for the banking industry. Floods compounded the situation further for the bank, he adds.
Mushtaq Ahmad, Chairman & CEO, Jammu & Kashmir Bank said the bank expects loan book to grow at 20-25 percent and profitability around 20 percent going forward.
Jammu and Kashmir Bank declared a special dividend of 500 percent and is eyeing 20 percent growth going ahead.
Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.
Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
Angel Broking has come with its March quarterly earning estimates for banking sector.
Angel Broking has come with its quarterly earning estimates for banking sector.
In an interview with CNBC-TV18, Mushtaq Ahmad, chairman and CEO of J&K Bank, spoke about the company's result and his outlook.
Mushtaq Ahmed, chairman of J&K Bank in an interview on CNBC-TV18, spoke about his banks third quarter results and the road ahead.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Jammu and Kashmir Bank December quarter operating income are expected to go up by 13.5% to Rs 442 crore, Year-on-Year, (Y-o-Y) basis.