Jammu & Kashmir Bank announced Q1FY26 results Net Interest Income (NII) for the quarter grew 7% YoY to Rs 1,465.43 crore, while the other income jumped 29% to Rs 250.30 crore from Rs 194.10 crore recorded last year. Return on Assets (RoA) for the quarter improved to 1.17% YoY from 1.08%, while as Net Interest Margin (NIM) for the quarter stood at 3.72% as against 3.86% recorded in Q4FY2025. Bank’s Cost to income Ratio also improved to 60.78% YoY. Operating profit witnessed a 13% YoY increase to Rs 672.84 crore from Rs 594.67 crore recorded for the corresponding period last year. Jammu & Kashmir Bank today posted a profit after tax (PAT) of Rs 484.84 crore for the April–June quarter of the current financial year (CFY), registering a 16.7% year on year (YoY) growth from Rs 415.49 crore reported in the same period last year. The Bank’s deposits rose 12% YoY to Rs 1,48,542 crore from Rs 1,32,574 crore recorded in Q1 last FY, while the net Advances grew 6.06% YoY reaching Rs 1,01,230 crore as against Rs 95,450 crore. The Bank’s CASA ratio stood at 45.71% as on June 30, 2025. MD & CEO Amitava Chatterjee said, "Despite tough situation on ground due to the Pahalgam terror attack along with its aftermath that affected business activity and credit offtake in key geographies well into June; we have been able to deliver a healthy bottom line growth of around 17%.” “The sudden decline in NIM should be viewed against the broader environment wherein repo rate cuts announced by the regulator impacted the margins”, he added. “Pertinently, the profitability for Q1 is subdued on account of impairment provision of Rs 87 crore made in this quarter towards our investment in the RRB - Jammu and Kashmir Grameen Bank, necessitated by amalgamation of Ellaquai Dehati Bank with erstwhile J&K; Grameen Bank w.e.f. 30th April 2025. Excluding this non-recurring impact, our profitability growth would be upwards of 30% YoY. This one time provision has also impacted our ROA and ROE, however on a normalised basis both metrics remain broadly in line with our expectation”, he added. “Having said that, we remain fundamentally strong, with adequate capital and liquidity buffers, and are already seeing signs of accelerating credit off-take on ground. With improving conditions on the ground, we are sure to gain growth momentum in the coming quarters”, asserted MD & CEO. MD & CEO further remarked, "Regarding business growth, we are confident in our long term strategy as we are actively diversifying and scaling up our Rest of India operations by opening more branches in strategic business centres, entering builder tie ups, and strengthening partnerships with DSAs.” “Going forward, our focus will also remain deepening relationships in core geographies through sufficient lending to agriculture, industry and youth entrepreneurship; and investing further in digital capabilities and operational efficiency." Result PDF