Onlykashmir.in News Desk
Extending its streak of consistent financial outperformance, J&K Bank has reported a historic annual profit of ₹2363.47 crore for FY 2025–26, marking a growth of over 13% year on year despite one time provisioning pressures. This is the fourth consecutive year of record profitability, underscoring the Bank’s operational resilience and disciplined strategy.
The financial year concluded on a strong note, with quarterly net profit nearing ₹800 crore, significantly higher than the corresponding period last year. Key efficiency indicators also improved, including net interest margin at 3.60%, return on equity at 16.85%, and a declining cost to income ratio, reflecting enhanced operational discipline.
While net interest income growth remained modest due to cumulative policy rate cuts by the Reserve Bank of India and rising deposit costs, the Bank sustained robust business expansion. Total business rose by 13.61% to ₹2.90 lakh crore, driven by an 18% surge in advances and steady deposit growth. CASA ratio improved to 45.65%, reinforcing balance sheet stability.
Asset quality witnessed marked improvement, with gross NPAs declining to 2.5% and provision coverage exceeding 90%. Capital adequacy remained strong at 16.55%, positioning the Bank well for future regulatory and growth requirements.
MD and CEO Amitava Chatterjee attributed the performance to strong fundamentals, prudent risk management, and sustained customer trust, noting that the Bank is strategically poised to accelerate growth with a focus on retail lending, MSMEs, and agriculture.
The Bank also highlighted its social commitment, having deployed nearly ₹100 crore under CSR initiatives over the past three years across key sectors including healthcare, education, and community development.
