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100 p.c. dividend from J&K Bank
NEW DELHI: The Jammu and Kashmir Bank has announced 100 per cent dividend for the year ended March 31, 2004. According to the bank's Chairman, M. Y. Khan, their total business of registered a 23.19 per cent increase, thus reaching an all time high of Rs. 27,946.32 crores. The bank's capital and reserves also increased by Rs. 351.74 crores to Rs. 1,593.74 crores during the year from Rs. 1,242 crores in the previous year, an impressive growth of 28.32 per cent, said Mr. Khan, adding that they had also posted a net profit of Rs. 406.33 crores, recording an increase of 20.30 per cent over the previous year's net profit of Rs. 337.75 crores. — Our Staff Reporter
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