J&K Bank's Total Business Grows 10.6% In March Quarter

Jammu & Kashmir Bank reported a 10.3% year-on-year rise in gross advances to ₹1.07 trillion as of March 31, according to provisional figures released Friday. Total deposits rose 10.2% on year to ₹1.49 trillion.

Current account and savings account deposits increased 2.6% on year to ₹698.40 billion. The CASA ratio of J&K Bank, however, fell 350 basis points to 47%.

The Srinagar-based lender’s total business rose 10.6% on year to ₹2.53 trillion. Gross investments climbed 16.1% to ₹417.84 billion.