J&K Bank Pays Advance Tax Of Rs 175 Cr For Q2

KL Report

SRINAGAR

jkState’s only listed company, J&K Bank has paid an advance tax of Rs 175 crore for the second quarter of the current financial year 2013-14. Notably, the bank had paid advance tax of Rs 90 crore for the first quarter ended June 2013.

So, for the two quarters the bank has paid a total tax of Rs 265 crore.

Experts say that paying of the advance tax of Rs.175 crore for the second quarter ending September 2013 indicates progressive performance of the bank.

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