15th June 2013
Srinagar
J&K Bank on progressive growth path
J&K Bank has paid an advance tax of Rs.90 crore for the first quarter of the current financial year 2013-14. Last financial year the bank had paid advance tax of Rs.68 crore for the first quarter ended June 2012.
Experts say that paying of the advance tax of Rs.90 crore for the first quarter ending June 2013 indicates progressive performance of the bank. Notably, the bank surpassed its target of Rs1000 crore net profit and Rs one lac crore business at the end of the last fiscal.
Experts say that paying of the advance tax of Rs.90 crore for the first quarter ending June 2013 indicates progressive performance of the bank. Notably, the bank surpassed its target of Rs1000 crore net profit and Rs one lac crore business at the end of the last fiscal.