Jammu & Kashmir Bank (J&K Bank) recorded a 16.7 percent increase in the net profit in the first quarter of FY 26, it was ₹ 484.84 crore. The bank’s net interest income increased by 7.0 percent to ₹ 1465.43 crore, while the total deposit increased by 12.1 percent to ₹ 1,48,542 crore.
| Description | Q1 FY 26 | Q1 FY 25 | Annual change | Q4 FY 25 | Quarterly change |
|---|---|---|---|---|---|
| Net profit | 484.84 | 415.49 | +16.7 percent | 584.54 | -17.1 percent |
| Net interest income | 1465.43 | 1369.22 | +7.0 percent | 1,479.99 | -1.0 percent |
| Other income | 250.30 | 194.10 | +29.0 percent | 404.31 | -38.1 percent |
| Operating profit | 672.84 | 594.67 | +13.1 percent | 800.02 | -15.9 percent |
| Interest Arnad | 3268.27 | 2,994.38 | +9.1 percent | 3,211.85 | +1.8 percent |
| Interest expanded | 1802.84 | 1,625.16 | +10.9 percent | 1,731.86 | +4.1 percent |
Financial results
The bank’s net profit for FY 26 was ₹ 484.84 crore, which was ₹ 415.49 crore in Q1 FY 25, which shows an increase of 16.7 percent. However, Q4 FY 25 declined by 17.1 percent in FY 25 compared to ₹ 584.54 crore. Net interest income increased by 7.0 percent year after year, reaching ₹ 1465.43 crore, but it saw a slight decrease of 1.0 percent compared to the previous quarter.
The other income saw a significant increase of 29.0 percent year after year, which was ₹ 250.30 crore, but declined by 38.1 percent as compared to ₹ 404.31 crore in the previous quarter. The operating profit for the quarter was ₹ 672.84 crore, which is ₹ 594.67 crore more in Q1 FY 25 to 13.1 percent, but Q4 FY 25 is ₹ 800.02 crore less than ₹ 800.02 crore less.
Balance sheet highlights
By June 30, by 2025, the total deposit of the bank reached ₹ 1,48,541.82 crore, which is 12.1 percent more than ₹ 1,32,574.47 crore on 30 June, 2024. Net advance increased by 6.1 percent to ₹ 1,01,230 crore. Net investment was ₹ 42,758 crore, which is 29.3 percent more year after year. The bank’s net worth increased by 18.2 percent to ₹ 13,550 crore.
Asset quality
Gross non-performing assets (GNPA) declined from 3.91 percent to 3.50 percent from the year to 3.50 percent, while Net Non-Performing Assets (NNPA) increased from 0.76 percent to 0.82 percent. Provision coverage ratio (PCR) was 90.09 percent.
Main ratio
- Net Interest Margin (NIM): 3.72 percent (annual)
- Return on Assets (ROA): 1.17 percent (annual)
- Cost to Income Resho (CIR): 60.78 percent
- Capital Edacchaei Ratio (CRAR): 15.98 percent
Additional information
Jammu & Kashmir Bank Limited has a wide branch network, including 841 in Jammu and Kashmir Union Territories, 37 in Ladakh Union Territory and 141 branches in 20 states and union territories outside the Union Territories of Jammu and Kashmir and Ladakh. The bank has a strong presence in the market and has been nominated by RBI as an agency bank to do government banking in the union territories of Jammu and Kashmir and Ladakh.
Digital attendance
The bank is improving its digital appearance, in which more than 90 percent transactions are being done digitally. By Q1 FY 26, 94.02 percent of all transactions were digital transactions.