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Despite higher COVID-related provisioning, J&K Bank has posted profit for the third consecutive quarter of the current financial year. The bank stated this today after its Board of Directors reviewed and approved the 3rd quarter and nine-month results (31 December 2020) at a meeting at bank’s corporate headquarters, here. Backed by higher Net Interest Income (NII), the Bank’s profit is up by 32.84% YoY at Rs 65.94 Cr against Rs 49.64 Cr recorded for the…

The current year 2020 can be considered as a black year for the economies all around the globe. As if the loss of human lives was not enough, the global lockdown disrupted the economies. International trades were banned, and survival became a task. Not just small scale businesses but large scale industries too suffered heavy losses. Many industries were shut down, and the prices of essential commodities were soaring high. Even the wage workers left…