Jammu and Kashmir Bank Limited has delivered impressive financial results for the third quarter of FY2026, demonstrating strong operational performance and sustained growth momentum. The bank's Board of Directors approved these results on January 20, 2026, following a comprehensive review by the Audit Committee.

Financial Performance Highlights

The bank's financial performance for Q3FY26 showcased significant improvements across key metrics. Net profit for the quarter reached ₹587.51 crores, marking a substantial 17.6% increase from ₹499.88 crores reported in Q3FY25.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the bank maintained its strong performance trajectory. Net profit reached ₹2,078.46 crores compared to ₹1,489.52 crores in the corresponding period of the previous year, representing significant growth in profitability.

Balance Sheet Strength

The bank's balance sheet demonstrated robust growth with total assets reaching ₹1,77,467.02 crores as of December 31, 2025, compared to ₹1,61,782.28 crores in the previous year. Advances portfolio expanded significantly to ₹1,13,537.32 crores from ₹95,990.38 crores, while deposits grew to ₹1,55,861.35 crores from ₹1,40,948.33 crores.

Asset Quality and Capital Adequacy

The bank maintained healthy asset quality metrics with gross NPAs at 3.00% and net NPAs at 0.68% of total advances. Capital adequacy remained strong with CET1 ratio at 11.84%, Tier 1 ratio at 12.77%, and overall capital adequacy ratio at 15.00%. The provision coverage ratio stood at 90.46%, reflecting prudent risk management practices.

Segment Performance

Across business segments, retail banking contributed ₹2,189.93 crores to segment revenue, while corporate/wholesale banking generated ₹715.38 crores. Treasury operations added ₹924.05 crores to the overall revenue mix, demonstrating diversified income streams.

Investment and Provisions

The bank holds a significant investment of ₹345.92 crores in its associate Jammu & Kashmir Grameen Bank, with a provision for impairment of ₹228.66 crores based on independent valuation. The bank maintains additional provisions of ₹123.08 crores over prescribed norms for enhanced prudential coverage.

Jammu & Kashmir Bank has announced a significant change in its administrative structure with the appointment of a new Registrar and Transfer Agent. The bank's Board of Directors has approved the transition from its current service provider to a new partner, marking an important operational update for shareholders and investors.

Board Approval and Timeline

The Board of Directors of J&K Bank approved the appointment of Bigshare Services Private Limited as the new Registrar to an Issue and Share Transfer Agent (RTA) during their meeting held on January 20, 2026. The meeting commenced at 11:00 AM and concluded at 03:20 PM, with this appointment being one of the key decisions taken.

Reason for Change

The appointment of Bigshare Services Private Limited comes as a result of the impending completion of the contract period with the existing RTA, KFin Technologies Limited. This change represents a natural progression in the bank's operational management rather than any performance-related issues with the current service provider.

Transition Details

To ensure seamless service continuity for shareholders, J&K Bank has established a clear transition timeline. KFin Technologies Limited will continue to provide services to shareholders until the close of business hours on February 28, 2026, serving as the cut-off date. From March 1, 2026, Bigshare Services Private Limited will assume all responsibilities as the bank's RTA.

Regulatory Compliance

The announcement has been made in compliance with Regulation 30, 51, and 7 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has also adhered to the requirements specified in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance throughout the transition process.

This change in RTA services is expected to maintain the high standards of shareholder services that J&K Bank customers have come to expect, with Bigshare Services Private Limited taking over all registrar and transfer agent responsibilities from the specified effective date.