J&K Bank shares fall 14% after mixed Q2 results
J&K Bank shares fell 14% on Friday, October 23, after the lender reported mixed September-quarter earnings. Operating profit growth was strong and asset quality improved, while net interest income growth was weak and net interest margin remained under pressure.
Shares of J&K Bank Ltd. dropped 14% on Friday, October 23, after it reported mixed results for the September quarter. Strong operating profit growth and improved asset quality were offset by weak net interest income (NII) growth and continued pressure on net interest margin (NIM).