Onlykashmir.in News Desk
Srinagar: Jammu and Kashmir Bank has claimed a robust financial performance in the third quarter of FY 2025 26, reporting a 10.4 percent year on year rise in net profit to Rs 586.73 crore. The Bank also claimed an 18.7 percent quarter on quarter growth, indicating sustained momentum.
According to the Bank, net profit for the first nine months of the current financial year increased by 4.5 percent to Rs 1565.68 crore. It claimed improved operating efficiency with net interest margin rising to 3.62 percent and better cost management.
The Bank further claimed a significant improvement in asset quality, with gross NPAs declining to 3 percent and net NPAs to 0.68 percent, while provision coverage crossed 90 percent. It also reported strong business growth, claiming advances rose by 17.3 percent and deposits by 10.6 percent on a yearly basis.
MD and CEO Amitava Chatterjee claimed that the performance reflects strong fundamentals, disciplined execution, and resilient asset quality despite challenging conditions. He added that with a capital adequacy ratio of 15 percent and a proposed capital raise of Rs 1250 crore, the Bank is well positioned to support future expansion and long term growth.
