Jammu & Kashmir Bank (J&K Bank) has released its financial results for the second quarter of FY2025-26, revealing a mixed performance with a decline in net profit but improvements in key operational metrics.

Financial Performance

J&K Bank reported a net profit of ₹494.11 crore for Q2 FY2025-26, marking a 10.3% decrease from ₹550.92 crore in the same quarter last year. Despite the profit decline, the bank demonstrated growth in several key areas:

Asset Quality Improvement

The bank's asset quality showed significant improvement, with Gross Non-Performing Assets (NPA) ratio decreasing to 3.32% from 3.95% year-over-year. Similarly, the Net NPA ratio declined to 0.76% from 0.85%, indicating better management of stressed assets.

Digital Transformation

J&K Bank continued its digital push, with digital transactions reaching 94.29% of total transactions. This high level of digital adoption reflects the bank's commitment to modernizing its operations and enhancing customer experience.

Network Expansion

The bank maintained its strong presence with 1,015 branches across India, underlining its commitment to serving a wide customer base.

Upcoming Investor Meet

In a separate announcement, J&K Bank disclosed that its MD and CEO, along with the management team, will participate in Anand Rathi's G200 Summit on November 13, 2025. This annual conference, to be held at Taj Santacruz, Mumbai, provides an opportunity for the bank to engage with investors and analysts.

Outlook

While the decline in net profit may raise some concerns, the improvements in deposit base, advances, and asset quality suggest that J&K Bank is navigating challenges while focusing on strengthening its core banking operations. The upcoming investor meet may provide further insights into the bank's strategies for sustainable growth and profitability in the coming quarters.

Jammu & Kashmir Bank has issued a postal ballot notice to its shareholders, seeking approval for two significant resolutions that could shape the bank's leadership and governance structure.

Director Appointment

The first resolution proposes the appointment of Mr. Arun Gandotra (DIN: 08907929) as an Independent Director on the bank's board. If approved, Gandotra would serve a three-year term from August 26, 2025, to August 25, 2028.

Mr. Gandotra brings a wealth of experience to the role, having served Jammu & Kashmir Bank for 35 years before retiring as Executive President (Operations) in August 2021. His extensive background includes:

• 12 years in Treasury Operations in Mumbai
• Expertise in Credit and Credit Risk Management
• Experience in Policy Planning and Credit Portfolio Management
• Leadership roles in various bank committees

Chairman's Remuneration

The second resolution addresses the remuneration for the Non-Executive Part-Time Chairman of the bank. The proposed package includes:

It's worth noting that the Non-Executive Part-Time Chairman will not be eligible for the ₹10.00 lakh fixed remuneration paid to other Non-Executive Directors.

Voting Process

The bank has set up an e-voting process for shareholders to cast their votes on these resolutions:

• E-voting begins: October 25, 2025, at 09:00 hours IST
• E-voting ends: November 23, 2025, at 17:00 hours IST

The results of the postal ballot are expected to be announced by November 25, 2025.

These proposed changes reflect Jammu & Kashmir Bank's efforts to strengthen its board composition and align its governance practices with industry standards. Shareholders will play a crucial role in shaping the bank's future direction through their votes on these important resolutions.