J&K Bank Appoints Veteran Banker Sankarasubramanian Krishnan as Part-Time Chairman

2 min read     Updated on 25 Aug 2025, 08:49 PM
scanx
Reviewed by
Ashish ThakurBy ScanX News Team
whatsapptwittershare
Overview

Jammu & Kashmir Bank has appointed Sankarasubramanian Krishnan as Non-Executive Part-Time Chairman, pending RBI approval. Krishnan, with over 40 years of banking experience, will serve until March 2028. He has previously held leadership positions at Punjab & Sind Bank, Tamilnad Mercantile Bank, Syndicate Bank, and Canara Bank. Krishnan brings expertise in corporate credit, risk management, digital transformation, and has received industry recognition for his contributions to the banking sector.

17680757

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

Jammu & Kashmir Bank has taken a significant step in strengthening its leadership by appointing Mr. Sankarasubramanian Krishnan as its Non-Executive Part-Time Chairman, subject to approval from the Reserve Bank of India (RBI). This decision, made by the bank's Board of Directors, marks a new chapter in the institution's governance.

Appointment Details

The appointment of Mr. Krishnan is set to be effective from the date of RBI approval and will continue until March 26, 2028, coinciding with the completion of his first term as an Independent Director on the bank's board. This strategic move aligns with Jammu & Kashmir Bank's commitment to leveraging experienced leadership in the banking sector.

Impressive Banking Credentials

Mr. Sankarasubramanian Krishnan brings a wealth of experience to his new role, with over four decades in the banking industry. His illustrious career includes:

  • Serving as MD & CEO of Punjab & Sind Bank (September 2020 to May 2022)
  • MD & CEO role at Tamilnad Mercantile Bank Ltd. (September 2022 to June 2024)
  • Executive Director positions at Syndicate Bank (November 2017 to March 2020) and Canara Bank (April 2020 to September 2020)

Expertise and Achievements

Throughout his career, Mr. Krishnan has demonstrated expertise in various critical areas of banking:

  • Corporate Credit
  • Risk Management
  • Digital Transformation
  • Financial Management
  • International Operations
  • Integrated Treasury

His tenure at Punjab & Sind Bank was particularly noteworthy, as he led a comprehensive transformation of the bank across multiple domains, resulting in the institution recording its highest-ever profit in the 2021-22 financial year.

Educational Background

Mr. Krishnan's academic credentials complement his extensive practical experience:

  • Postgraduate in Commerce
  • Qualified Cost Accountant
  • Certified Associate of Indian Institute of Bankers (CAIIB)
  • Completed Certification Programme in IT and Cyber Security for Board members conducted by IDRBT

Industry Recognition

Mr. Krishnan's contributions to the banking sector have not gone unnoticed. He has received numerous awards and accolades over his four-decade journey in the financial sector. His expertise has also been recognized through his participation in key industry committees:

  • Member of the Managing Committee of Indian Banks' Association (IBA)
  • Alternate Chairman of IBA's Standing Committee on Agriculture & Allied Activities
  • Member of IBA's Sub-Committee on Performance Management System in Public Sector Banks

Looking Ahead

The appointment of Mr. Sankarasubramanian Krishnan as Part-Time Chairman is expected to bring valuable insights and strategic direction to Jammu & Kashmir Bank. His extensive experience in various aspects of banking, including risk management, digital initiatives, and corporate governance, positions him well to guide the bank through the evolving financial landscape.

As Jammu & Kashmir Bank awaits RBI approval for this appointment, the financial community will be watching closely to see how Mr. Krishnan's leadership will influence the bank's future strategies and performance in the competitive banking sector.

Historical Stock Returns for Jammu & Kashmir Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-1.86%-3.89%-3.60%+4.26%-7.70%+456.47%
Jammu & Kashmir Bank
View in Depthredirect
like17
dislike

J&K Bank Reports 16.7% Jump in Q1 Net Profit, Asset Quality Improves

1 min read     Updated on 08 Aug 2025, 01:42 PM
scanx
Reviewed by
Shriram ShekharBy ScanX News Team
whatsapptwittershare
Overview

Jammu & Kashmir Bank's Q1 net profit increased by 16.7% year-on-year to ₹484.84 crore, driven by a 7% rise in Net Interest Income to ₹1,465.43 crore. The bank's asset quality improved with GNPA ratio decreasing to 3.50%. Total deposits grew by 12.1% to ₹1,48,542 crore, while net advances rose 6.1% to ₹1,01,230 crore. The bank maintained a strong Capital Adequacy Ratio of 15.98% and improved its Cost to Income Ratio to 60.78%. J&K Bank also reported over 94% digital transactions, indicating its focus on digital transformation.

16186343

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

Jammu & Kashmir Bank has reported a robust 16.7% year-on-year increase in net profit for the first quarter, driven by strong growth in net interest income and improved asset quality.

Financial Performance

The bank's net profit rose to ₹484.84 crore in Q1, compared to ₹415.49 crore in the same quarter last year. This significant growth in profitability was supported by a 7% increase in Net Interest Income, which reached ₹1,465.43 crore.

J&K Bank's Operating Income also saw a healthy rise of 9.7%, totaling ₹1,715.73 crore for the quarter. The bank's profitability ratios showed improvement, with Return on Assets (RoA) increasing to 1.17% from 1.08% in the previous year.

Asset Quality Improvement

The bank reported a notable improvement in asset quality. Gross Non-Performing Assets (GNPA) ratio decreased to 3.50% from 3.91% year-on-year, reflecting the bank's efforts in managing its loan portfolio effectively. However, the Net NPA ratio saw a slight increase to 0.82% from 0.76%.

Business Growth

J&K Bank's total business volume expanded, with deposits reaching ₹1,48,542 crore, marking a 12.1% year-on-year growth. Net advances stood at ₹1,01,230 crore, showing a 6.1% increase compared to the same period last year.

Capital Adequacy and Efficiency

The bank maintained a strong capital position with a Capital Adequacy Ratio (CRAR) of 15.98%. The Cost to Income Ratio improved to 60.78% from 61.96% in the previous year, indicating enhanced operational efficiency.

Digital Banking Push

J&K Bank continued its focus on digital transformation, achieving over 94% digital transactions. This aligns with the industry trend towards increased digitalization and improved customer convenience.

Branch Network

The bank operates a network of 1,019 branches, with 841 branches in Jammu and Kashmir, 37 in Ladakh, and 141 branches spread across 20 other states and Union Territories.

J&K Bank's Q1 results demonstrate its resilience and growth in key financial metrics. The bank's focus on asset quality improvement and digital banking initiatives are likely to be key drivers for its future performance.

Historical Stock Returns for Jammu & Kashmir Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-1.86%-3.89%-3.60%+4.26%-7.70%+456.47%
Jammu & Kashmir Bank
View in Depthredirect
like19
dislike
More News on Jammu & Kashmir Bank
Explore Other Articles
101.00
-1.91
(-1.86%)