Name: Latest research reports of Jammu & Kashmir Bank Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Jammu & Kashmir Bank Ltd.
Rating: 5
Author: ICICI Securities Limited

Jammu & Kashmir Bank

Buy: Jammu & Kashmir Bank Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The management's focus on strengthening the balance sheet led to an improvement in asset quality with 64 bps QoQ decline in GNPA ratio at 11.2%. Slippages remained higher at | 648 crore but were abated by higher recoveries/upgrades at | 362 crore. PCR improved ~5% QoQ at 66.88%, including floating provision of | 349 crore The bottomline in Q4FY17 continued to remain in the red with a loss at | 554 crore, led by higher provision. Provision came in at | 768...