Jammu & Kashmir Bank Limited held its 87th Annual General Meeting (AGM) on August 26, where shareholders approved several key resolutions and the bank reported robust financial results for the fiscal year.

Financial Highlights

• Net profit rose 18% to ₹2,082.46 crores, up from ₹1,767.27 crores in the previous year.
• Total income increased to ₹13,672.67 crores from ₹12,037.85 crores.
• Asset quality improved with gross NPA ratio declining to 3.37% from 4.08%.
• Net NPA ratio remained stable at 0.79%.
• Capital adequacy ratio strengthened to 16.29% from 15.33%.
• Provision coverage ratio improved to 90.29%.

Key AGM Resolutions

Shareholders approved the following resolutions at the AGM:

1. Adoption of audited standalone and consolidated financial statements.
2. Declaration of dividend of ₹2.15 per share.
3. Re-appointment of Dr. Pawan Kotwal and Dr. Mandeep K Bhandari as rotational directors.
4. Fixation of remuneration for statutory auditors.
5. Appointment of M/s D K Pandoh & Associates as secretarial auditors for a five-year term.

Management Commentary

Amit Chatterjee, Managing Director & CEO, stated, "The bank has delivered strong financial performance, with significant improvements in profitability, asset quality, and capital position. We remain committed to enhancing shareholder value and contributing to the economic growth of Jammu and Kashmir and Ladakh."

Other Notable Developments

• The bank identified 35 fresh fraud cases involving ₹198.15 crores during the year.
• NPAs worth ₹15.27 crores were transferred to asset reconstruction companies.
• The bank received an unmodified audit opinion for its financial statements.

Jammu and Kashmir Bank continues to demonstrate resilience and growth, maintaining its position as a key financial institution in the region. The strong financial results and shareholder approval of key resolutions reflect the bank's positive trajectory and stakeholder confidence.

Jammu & Kashmir Bank shareholders have given their approval for the re-appointment of two distinguished IAS officers as rotational directors on the bank's board. The decision was made during the 87th Annual General Meeting (AGM) held on August 26, 2025, at the Sher-i-Kashmir International Conference Centre in Srinagar.

Key Appointments

The shareholders approved the re-appointment of:

1. Dr. Pawan Kotwal, IAS (DIN: 02455728)
2. Dr. Mandeep K Bhandari, IAS (DIN: 07310347)

Both directors will serve as rotational directors on the bank's board, bringing their extensive administrative experience to the financial institution.

Dr. Pawan Kotwal's Profile

Dr. Pawan Kotwal, a 1994 batch IAS officer, currently serves as the Chief Secretary of the Union Territory of Ladakh. His illustrious career includes:

• Previously held positions as Principal Secretary for Health and Medical Education, Forest, Ecology and Environment, and Revenue departments in Ladakh
• Spearheaded crucial reforms in the health care sector and medical education
• Known for his commitment to sustainable development and good governance

Dr. Mandeep K Bhandari's Profile

Dr. Mandeep K Bhandari, a 2001 AGMUT cadre IAS officer, brings a unique blend of medical and administrative expertise to the board. His current roles and background include:

• Principal Secretary to the Lieutenant Governor of UT of J&K
• CEO of Amarnathji Shrine Board
• MBBS qualification with a Gold Medal from Dayanand Medical College, Ludhiana
• Over two decades of administrative experience in various government positions

Voting Results

The re-appointments were approved with significant shareholder support:

Other AGM Outcomes

In addition to these re-appointments, the AGM also saw the approval of:

1. Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025
2. Declaration of dividend on equity shares
3. Fixation of remuneration for statutory auditors for the financial year 2025-2026
4. Appointment of M/s D K Pandoh & Associates as secretarial auditors for the fiscal years 2025-26 to 2029-30

The re-appointment of these experienced IAS officers is expected to bring valuable insights and expertise to Jammu & Kashmir Bank's board, potentially contributing to the bank's strategic direction and governance in the coming years.