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
Jammu & Kashmir Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The Bank’s net profit for Q4FY25 stood at Rs 584.54 crore, up 10% QoQ from Rs 531.51 crore recorded during the Q3FY25. During the quarter, the Bank’s Return on Assets (RoA) reached healthy levels to 1.44% QoQ as against 1.34% recorded during the Q3FY25. FY25 Financial Highlights: J&K; Bank has posted its highest-ever annual net profit of Rs 2,082.46 crore for the FY25, marking a hattrick of highestever profits since FY23. The Bank registered a year-on-year growth of over 17.83% compared to Rs 1,767.27 crore reported for FY24. With its other income crossing Rs 1,000 crore mark at Rs 1136.81 crore and up YoY by 37.7%, the Bank’s Net Interest Income (NII) grew 11.34 % YoY to Rs 5,793.82 crore while the net interest margin (NIM) stood at 3.92%. The Bank’s operating profit also rose 28.7% and stood at Rs 2,929.79 crore. J&K; Bank’s total deposits increased by 10.24% YoY to Rs 1,48,569.46 crore as on March 31, 2025, compared to Rs 1,34,774.89 crore last year, grew by 5.4%. Net Advances rose to Rs 1,04,198.72 crore, registering a growth of 11.13% from Rs 93,762.51 crore a year ago, grew by 8.6%. The Bank’s CASA Ratio stood at 47.01%, maintaining a healthy share of low-cost deposits in the overall mix. Asset Quality: Reinforcing its commitment to credit discipline and risk management, the Bank’s Gross NPA ratio declined sharply by 71 bps to 3.37% from 4.08% recorded a year ago, while the Net NPA ratio stood at 0.79%. The Provision Coverage Ratio (PCR) remains strong at over 90%, underscoring the Bank’s focus on prudential provisioning. Capital Adequacy: The Bank’s CAR stood at 16.29% as on March 31, 2025, providing ample cushion for future growth and investments in digital and operational capabilities. Amitava Chatterjee, MD & CEO, J&K; bank, said: “We are delighted to present yet another record-breaking performance with our all-time high net profit of Rs 2082 crore, while maintaining NIM at 3.92% despite industry wise pressure on margins owing to the rising cost of deposits. Achieving a hattrick of historic profits over the past three years is a reflection of the trust our customers place in us, the dedication of our staff, and the strategic direction laid out by the leadership team.” “With our core fortified and transformation underway, we are prepared to scale up growth operations in high-potential geographies and deepening our presence in core markets, especially in J&K; and Ladakh. Going forward, we aim to maintain this growth momentum with increased emphasis on retail, MSME, and agriculture lending – while accelerating our digital transformation to further enhance customer experience.” “Adorned with a milestone of advances crossing Rs 1 Lakh crore mark, the Bank’s business performance reflects resilience and adaptability. Despite competitive pressures, the Bank has managed to maintain a CASA ratio of 47% – which continues to be among the best in the industry. This, coupled with a double-digit growth in advances and deposits, signifies the growing trust and deep-rooted relationships we enjoy across our customer base in the country.” “With our planned expansion in high-growth markets, we are well-positioned to capture emerging opportunities in the current financial year.” “Our continued improvement in asset quality is reflective of process excellence in credit appraisal, focused monitoring and sectoral diversification. We have not only met but improved upon our annual guidance on asset quality. This reaffirms our goal of building a resilient, future-ready bank,” “Our digital transformation is not just about efficiency but about reimagining customer experience.” “Our ESG focus includes green banking, sustainable lending and internal reforms to reduce carbon footprint – all integral to our larger purpose of responsible growth.” “Our HR strategy revolves around talent transformation. By reskilling and upskilling staff, we are creating a future-ready workforce aligned with evolving business and organisational needs of the Bank,” “During the year, we undertook a diverse range of impactful CSR initiatives across key sectors such as healthcare, environmental sustainability, education, and skill development. With a total financial outlay of over Rs 31 crore, these interventions reflect the Bank’s continued commitment to inclusive and sustainable development across the region. With improved profitability, we aim to enhance our contributions toward the overall social good during the current financial year.” “We are proud to be an institution of systemic importance for economic transformation in our core geographies. We reaffirm our purpose everyday by supporting businesses led by young, energetic entrepreneurs and promoting inclusive growth.” “On behalf of the entire leadership team, I extend heartfelt thanks to our customers, all shareholders especially our promoters, members on our board, our employees and regulators for their continued support and trust.” Result PDF
Jammu & Kashmir Bank announced Q2FY25 results Net profit rose substantially by 44.6 % YoY to Rs 550.92 crore for the September Quarter (Q2) of current financial year (CFY) when compared to Rs 381.07 crore recorded for the corresponding quarter of previous year. The Bank’s net profit for half-year (H1) grew 36.6% to Rs 966.41 crore from Rs 707.52 crore recorded for H1 last FY. Backed by both core and non-core income growth, the Bank’s operating profit for Q2 rose more than 47% YoY and 32% QoQ to Rs 787 crore. The Bank’s Net Interest Income (NII) is up by 7.7 % YoY to Rs 1435.93 crore for the September quarter from Rs 1,333.83 crore and has increased by 7.2 % to Rs 2,805.15 crore for the H1 when compared to corresponding periods of previous year. The Bank’s other income surged 55.6% YoY to Rs 296.08 crore for the September quarter. The Bank’s NIM improved to 3.90% QoQ from 3.86% recorded for the Q1 of CFY, while as the Cost to Income Ratio has improved significantly to 54.56% YoY from 64.93% and in sequential terms from 61.96% recorded in June quarter, 2024. Asset Quality: The Bank’s Gross NPA Ratio has decreased by 131 basis-points YoY to 3.95% as against 5.26% recorded in September, 2023. The Net NPA ratio has also moderated by 19 basis-points to 0.85% YoY from 1.04%. Meanwhile, during the quarter the Return on Assets (RoA) has jumped to 1.41% YoY as well as QoQ as against 1.08%. Provision Coverage Ratio (PCR) of the Bank has also improved 55 basis-points YoY to 90.54%. Business Growth: Deposits and Advances of the Bank have grown YoY 9% and 9.5% respectively to Rs 1,37,918 crore and Rs 96,139 crore. The Bank’s CASA stood at 48.60%, which continues to be one of the highest in the industry. Baldev Prakash, MD & CEO, Jammu & Kashmir Bank, said: “Our Q2 results are almost in line with our expectations. The bottom-line growth underscores our financial prudence and operational excellence while reflecting our commitment to deliver consistent value for our stakeholders as we stay steady on course to achieve the annual numbers.” “I believe, with a healthy balance sheet, a diversified portfolio and consistent focus on digital transformation, we are well-positioned to maintain this growth momentum and capitalize on emerging opportunities”. “Keeping our gross NPA below 4% highlights the success of our robust risk management practices. We have been focusing on proactive asset-quality management and ensuring long-term sustainability in lending. Another highlight of this quarter is RoA, which has surged to 1.41%.” “With continued improvement in key performance indicators, the Bank is reinforcing its position as a leading financial institution focused on profitability and sound asset management”. “Since our role as a developmental financial institution here is not just to provide credit, we have to take care that businesses are equipped with the tools they need to manage growth sustainably. Therefore, by carrying forward our digital momentum, we are also revolutionizing the way our customers experience banking, making it more convenient, swift, secure and efficient for them with every passing day.” “Moreover, by embracing cutting-edge technology, we have embarked upon a digital journey that enables our customers to manage their finances online and with ease, from account opening and transactions to applying for a range of our loan products. Going forward, we have devised a comprehensive road-map to help businesses particularly MSMEs get equipped with beneficial, convenient and efficient management solutions, through collaborative banking with our fintech partners, so that these enterprises sustain growth and enjoy prosperity”. Result PDF