J&K Bank Reports Robust Growth in Deposits and Advances
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.

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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.