Jammu and Kashmir Bank has delivered its strongest financial performance yet, reporting a record annual profit of ₹2,363.47 crore for the financial year 2025–26. This marks the fourth consecutive year of rising profits, with a growth of over 13% compared to the previous year.
Despite challenges, including a one-time provision of ₹179 crore related to its investment in J&K Grameen Bank, the bank maintained its upward momentum. The final quarter also saw an impressive surge, with net profit touching nearly ₹800 crore—significantly higher than the same period last year.
The results were approved by the Board of Directors at a meeting held at the bank’s corporate headquarters in Srinagar.
The bank’s financial health showed steady improvement across multiple parameters. Net Interest Margin (NIM) stood at 3.60%, while Return on Assets (RoA) improved to 1.37% for the year. Operational efficiency also strengthened, with the cost-to-income ratio improving to 56.18%—continuing a positive trend for the fourth straight year.
Return on Equity (RoE) was recorded at 16.85%, reflecting solid returns for stakeholders. However, net interest income saw only marginal growth, mainly due to lower interest rates following policy cuts by the Reserve Bank of India.
Managing Director and CEO Amitava Chatterjee described the results as a reflection of the bank’s resilience and disciplined approach.
“Despite global uncertainties and local challenges, we have delivered record profits for the fourth consecutive year. At the same time, we have improved asset quality, maintained strong capital levels, and enhanced operational efficiency,” he said.
He added that with key indicators like Gross Non-Performing Assets (GNPA) at 2.5%, Provision Coverage Ratio (PCR) above 90%, and Capital Adequacy (CRAR) over 16.5%, the bank is well-prepared for its next phase of growth.
The bank also recorded robust growth in its overall business. Total business rose by over 13% to ₹2.9 lakh crore by the end of March 2026. Deposits increased by more than 11% to ₹1.65 lakh crore, while advances saw a sharp 18% jump to ₹1.22 lakh crore.
CASA (Current and Savings Account) deposits continued to grow steadily, with the ratio improving to 45.65%, indicating a stable and low-cost deposit base.
While competition in the banking sector and lower lending rates impacted income growth to some extent, the overall performance signals a strong and stable trajectory.
With consistent profits, improved asset quality, and steady business expansion, Jammu and Kashmir Bank appears firmly on track to build on its growth story in the coming years.
