J&K Bank Reports Robust Growth in Deposits and Advances

0 min read     Updated on 07 Jul 2025, 02:12 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Jammu & Kashmir Bank has shown significant financial growth in its latest quarterly report. The bank's total deposits increased by 12.05% year-over-year, reaching ₹1.49 lakh crore. Gross advances grew by 5.54% compared to the previous year. Overall business volume expanded by 9.54% year-over-year, indicating robust performance and market position.

13423343

*this image is generated using AI for illustrative purposes only.

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.

like16
dislike

J&K Bank Posts Record Annual Profit of Rs 2,082.46 Crore for FY 2024-25

1 min read     Updated on 06 May 2025, 06:10 AM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Jammu and Kashmir Bank achieved its highest-ever annual net profit of Rs 2,082.46 crore for FY 2024-25, a 17.83% year-on-year increase. Q4 net profit rose 10% quarter-on-quarter to Rs 584.54 crore. Net Interest Income grew 11.34% to Rs 5,793.82 crore, while Other Income increased 37.7% to Rs 1,136.81 crore. Total deposits and net advances grew by 10.24% and 11.13% respectively. Asset quality improved with Gross NPA ratio declining to 3.37%. The bank's Capital Adequacy Ratio stood at 16.29%. A dividend of Rs 2.15 per equity share has been recommended.

8037638

*this image is generated using AI for illustrative purposes only.

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

Metric Amount (Rs Crore) Year-on-Year Growth
Total Deposits 148,569.46 10.24%
Net Advances 104,198.72 11.13%
  • 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.

like17
dislike
More News on Jammu & Kashmir Bank
Explore Other Articles