J&K Bank posts record ₹2,363 crore profit in FY26
- Net profit rose 13.5% YoY to a record ₹2,363.47 crore in FY26
- Total business grew 13.6% to ₹2.90 lakh crore; crossed ₹3 trillion in June 2026
- Gross NPA ratio improved to 2.50% from 3.37%; Net NPA at 0.64%
- Shareholders approved capital raise up to ₹1,000 crore via QIP or private placement
- CAR reached highest-ever level of 16.55%; CET 1 at 13.54%
*this image is generated using AI for illustrative purposes only.
Jammu and Kashmir Bank recorded an all-time high net profit of ₹2,363.47 crore for FY26, marking a 13.5% year-on-year increase. The bank’s total business expanded 13.6% to ₹2.90 lakh crore as of March 31, 2026.
The results were approved at the 88th Annual General Meeting held on September 22, 2026, in Srinagar. Managing Director and CEO Amitava Chatterjee highlighted that the growth was accompanied by sustained improvement in asset quality and operating efficiency.
Financial Performance Highlights
The bank’s deposits grew by 11.30% to ₹1.65 lakh crore, maintaining a CASA ratio of 45.65%. Gross advances increased by 16.8% to ₹1.25 lakh crore. The momentum continued into the current financial year, with the bank crossing the ₹3 trillion total business milestone in June 2026.
| Metric | FY26 | Change/Status |
|---|---|---|
| Net Profit | ₹2,363.47 crore | +13.5% YoY |
| Total Business | ₹2.90 lakh crore | +13.6% YoY |
| Deposits | ₹1.65 lakh crore | +11.30% YoY |
| Gross Advances | ₹1.25 lakh crore | +16.8% YoY |
| CASA Ratio | 45.65% | Stable |
Asset Quality and Efficiency
Asset quality improved significantly during the period. The Gross NPA ratio declined to 2.50% from 3.37%, while the Net NPA ratio improved to 0.64% from 0.79%. The Cost-to-Income ratio moderated to 56.18%, aided by a reduction in operating expenditure of around 4%. Return on Assets stood at 1.37%, and Return on Equity was 16.85%.
Capital adequacy strengthened, with the Capital Adequacy Ratio reaching a highest-ever level of 16.55% and CET 1 at 13.54%. This position provides capacity for sustainable expansion and preparation for the transition to the Expected Credit Loss framework.
What the Numbers Show
The simultaneous improvement in profitability (up 13.5%) and asset quality (GNPA down 87 bps) indicates that growth is not being driven by relaxed credit standards. Furthermore, the expansion of gross advances (16.8%) outpacing deposit growth (11.3%) suggests a tightening liquidity environment or increased deployment efficiency, though the strong CASA base of 45.65% mitigates immediate funding cost pressures.
Strategic Initiatives and Governance
Shareholders approved the raising of capital up to ₹1,000 crore through equity shares or convertible securities, subject to regulatory approvals. This resolution passed with 99.91% votes in favor. The meeting also noted the retirement by rotation of Director R. K. Chhibber and appointed Tsewang Tharchin as a rotational director.
Chairman Sankarasubramanian Krishnan emphasized the bank’s aspiration to build a ₹5 trillion business and achieve ₹5,000 crore annual profit by 2030. He stressed that digital transformation must enhance accessibility while maintaining human connection and cybersecurity resilience.
Historical Stock Returns for Jammu & Kashmir Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.86% | -1.93% | -7.65% | +3.13% | +29.35% | +248.87% |
How will the planned ₹1,000 crore capital raise impact J&K Bank's shareholding pattern and dilution for existing investors?
What specific digital transformation initiatives is the bank prioritizing to achieve its ₹5 trillion business target by 2030?
How does the bank plan to sustain advance growth outpacing deposit growth without compromising its strong CASA ratio in a tightening liquidity environment?
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