Jammu and Kashmir Bank has submitted a revised Integrated Annual Report for FY26 ahead of its 88th Annual General Meeting. The filing was made on September 23, 2026, to ensure accurate disclosure for shareholders.

The submission was addressed to both the National Stock Exchange of India and the BSE Limited. It references Regulation 34 and Regulation 53 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This action follows an earlier communication dated August 29, 2026, regarding the initial annual report.

Regulatory compliance details

The bank confirmed that the revised report is now available for public access. Investors can view the document on the official website under the financial information section. The update ensures that all material disclosures are current prior to the upcoming general meeting.

Availability for investors

Shareholders are advised to review the updated document before the AGM. The revision likely addresses minor corrections or updates required by regulatory standards. No significant changes to financial results were explicitly highlighted in the cover letter, which focused on procedural compliance.

The bank continues to uphold its commitment to transparency through timely filings. Stakeholders should rely on the latest version hosted on the corporate website for decision-making purposes.

Jammu and Kashmir Bank has appointed Mr. Rajeev Gupta as an Additional Director in the category of Rotational Directors, effective September 23, 2026. This board change follows the bank's announcement of record FY26 net profits of ₹2,363.47 crore, up 13.5% year-on-year.

The appointment was approved by the Board of Directors at a meeting held on September 22, 2026, subject to the approval of shareholders. Mr. Gupta brings over 33 years of professional experience in accounting, auditing, financial reporting, taxation, and regulatory compliance.

Board Changes and Capital Raise

During the 88th Annual General Meeting held on September 22, 2026, in Srinagar, shareholders took on record the retirement by rotation of Director R K Chhibber (DIN: 08190084). The casual vacancy created by his retirement was not filled at that meeting.

Subsequently, the Board approved the appointment of Mr. Rajeev Gupta (DIN: 08316212) to fill this rotational director slot. He is a Chartered Accountant qualified from the Institute of Chartered Accountants of India in May 1993 and holds a Bachelor of Commerce degree from SPMR College of Commerce, Jammu. He is associated with Rajeev Kuldip & Co., Chartered Accountants, Jammu.

Shareholders also approved two key special business items during the AGM:

• Raising funds up to ₹1,000 crore through Tier-I capital instruments.
• Appointing Mr. Tsewang Tharchin, IA&AS (DIN: 11907418), as a Rotational Director.

Financial Performance and Asset Quality

Managing Director & CEO Amitava Chatterjee stated that despite geopolitical uncertainties and inflationary pressures, the bank delivered strong results. Asset quality improved significantly, with Gross NPA declining from 3.37% to 2.50% and Net NPA falling from 0.79% to 0.64%.

Operating expenditure decreased by approximately 4%, leading to a moderated Cost-to-Income ratio of 56.18%. The bank recorded a Return on Assets of 1.37% and a Return on Equity of 16.85%. Capital Adequacy Ratio stood at 16.55%, with CET-1 at 13.54%, providing capacity for sustainable expansion.

The bank's total business expanded 13.6% to ₹2.90 lakh crore as of March 31, 2026. Deposits grew 11.30% to ₹1.65 lakh crore, while gross advances rose 16.8% to ₹1.25 lakh crore. The institution crossed the historic milestone of ₹3 trillion in total business by June 2026.

Key Financial Metrics FY26

Strategic Outlook

Chairman Sankarasubramanian Krishnan emphasized that future growth would be guided by core values of Trust, Tradition, and Transformation. He outlined an aspiration to achieve ₹5 trillion in business and ₹5,000 crore annual profit by 2030. The bank plans to focus on responsible growth, technology, customer service, governance, risk management, and cybersecurity.

Digital transactions grew to 94% during FY26, reflecting the bank's push towards becoming future-ready. The management reiterated its commitment to expanding presence across the country while serving the communities of Jammu & Kashmir and Ladakh.