Jammu & Kashmir Bank has reported strong provisional business figures for FY26, demonstrating robust growth across multiple key performance indicators. The bank disclosed these figures in compliance with SEBI regulations, highlighting significant expansion in its core banking operations.

Strong Overall Business Performance

The bank's total business reached ₹290,340.57 crores as of March 31, 2026, marking a substantial 13.61% year-on-year growth from ₹255,554.95 crores in the previous fiscal year. This growth trajectory reflects the bank's expanding market presence and operational efficiency.

Impressive Growth in Lending Portfolio

Gross advances showed particularly strong performance, growing by 16.83% to reach ₹124,986.53 crores (Rs 1.25 trillion) compared to ₹106,985.49 crores (Rs 1.07 trillion) in the previous year. This significant expansion in the lending portfolio indicates increased credit demand and the bank's enhanced lending capabilities.

Steady Deposit Growth and CASA Performance

Total deposits increased by 11.30% to ₹165,354.04 crores (Rs 1.65 trillion) from ₹148,569.46 crores (Rs 1.49 trillion) in FY25. The bank's CASA (Current Account Savings Account) deposits grew by 8.07% to ₹75,478.40 crores, demonstrating improved customer acquisition and retention in low-cost deposit segments.

Investment Portfolio Shows Minor Decline

Gross investments experienced a marginal decline of 1.55%, decreasing to ₹41,319.50 crores from ₹41,970.20 crores in the previous fiscal year. This represents the only metric showing negative growth among the reported figures.

Regulatory Compliance and Transparency

The bank submitted these provisional figures to both the National Stock Exchange and BSE in accordance with SEBI listing obligations and disclosure requirements. The figures are subject to audit and represent the bank's commitment to transparent financial reporting and regulatory compliance.

Jammu & Kashmir Bank Limited has issued a clarification to stock exchanges regarding the non-applicability of certain SEBI debt securities provisions to scheduled commercial banks. The bank formally communicated this exemption through an official letter dated April 1, 2026, addressed to both the National Stock Exchange of India and BSE Limited.

Regulatory Exemption Details

The bank clarified its status as a Scheduled Commercial Bank operating under the Second Schedule of the Reserve Bank of India Act, 1934. This classification provides the bank with specific regulatory exemptions from certain SEBI provisions that apply to other large entities.

SEBI Circular Provisions

The exemption specifically relates to Chapter-XII of SEBI's Operational Circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which deals with fund raising by issuance of debt securities by large entities. The bank emphasized that these provisions are not applicable due to its regulatory status under RBI supervision.

Official Communication

The clarification was formally communicated to both major stock exchanges where the bank's shares are listed. Company Secretary Mohammad Shafi Mir signed the official communication, which was digitally authenticated and sent to the exchanges for their information and records.

This clarification ensures regulatory compliance and provides transparency to stakeholders regarding the bank's exemption from specific SEBI debt securities provisions applicable to large entities in other sectors.