Jammu & Kashmir Bank has demonstrated strong financial performance, showcasing significant growth across key metrics in its latest quarterly report.

Deposit Growth

The bank has reported a substantial increase in its total deposits, which grew by 12.05% year-over-year. As of the latest reporting period, J&K Bank's total deposits reached an impressive ₹1.49 lakh crore, reflecting growing customer trust and the bank's expanding market presence.

Advances on the Rise

In addition to deposit growth, J&K Bank also saw positive momentum in its gross advances. The bank reported a 5.54% increase in gross advances compared to the same period last year, indicating a healthy expansion in its lending activities.

Overall Business Expansion

The combined effect of growth in both deposits and advances has led to a notable expansion in J&K Bank's total business. The bank reported a 9.54% year-over-year increase in its overall business volume, underscoring its robust performance and market position.

This growth across multiple financial parameters suggests that J&K Bank is successfully executing its business strategies and maintaining a strong foothold in the banking sector. The significant increase in deposits, coupled with growth in advances, positions the bank well for continued expansion and improved financial performance in the future.

Jammu and Kashmir Bank (J&K Bank) has reported its highest-ever annual net profit of Rs 2,082.46 crore for the financial year 2024-25, marking a 17.83% year-on-year increase from Rs 1,767.27 crore in FY 2023-24. This record performance represents the bank's third consecutive year of highest-ever profits.

Q4 Performance

For the fourth quarter ended March 31, 2025, J&K Bank posted a net profit of Rs 584.54 crore, up 10% quarter-on-quarter from Rs 531.51 crore in Q3 FY 2024-25.

Key Financial Highlights

• Net Interest Income (NII) grew 11.34% year-on-year to Rs 5,793.82 crore
• Other Income crossed the Rs 1,000 crore mark, reaching Rs 1,136.81 crore, up 37.7% year-on-year
• Operating Profit rose 28.7% to Rs 2,929.79 crore
• Return on Assets (RoA) improved to 1.44% for Q4 FY 2024-25

Business Growth

• CASA Ratio stood at 47.01%

Asset Quality

The bank's asset quality showed significant improvement:

• Gross NPA ratio declined by 71 basis points to 3.37% from 4.08% a year ago
• Net NPA ratio stood at 0.79%
• Provision Coverage Ratio (PCR) remained strong at over 90%

Capital Adequacy

The bank's Capital Adequacy Ratio (CAR) stood at 16.29% as of March 31, 2025, providing ample cushion for future growth.

Dividend

The Board of Directors has recommended a dividend of Rs 2.15 per equity share (215%) for FY 2024-25, subject to shareholder approval.

Management Commentary

MD & CEO Amitava Chatterjee commented on the results, stating, "We are delighted to present yet another record-breaking performance with our all-time high net profit of Rs 2,082.46 crore, while maintaining NIM at 3.92% despite industry-wide pressure on margins owing to the rising cost of deposits."

He added, "With our core fortified and transformation underway, we are prepared to scale up growth operations in high-potential geographies and deepen our presence in core markets, especially in J&K and Ladakh."

Future Outlook

The bank plans to maintain this growth momentum with increased emphasis on retail, MSME, and agriculture lending, while accelerating its digital transformation to enhance customer experience.