J&K Bank Reports No Deviation in Fund Utilisation for December 2025 Quarter

Jammu & Kashmir Bank Limited has submitted its quarterly Statement of Deviation/Variation in fund utilisation to stock exchanges for the quarter ended December 31, 2025, pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The statement confirms no deviations in the utilisation of funds across multiple capital-raising exercises conducted by the bank.

Fund Raising Overview

The bank's comprehensive statement covers nine separate fund-raising exercises conducted between 2017 and 2023, totaling ₹2,800.00 crores. These capital infusions were executed through various modes including Preferential Issues, Employee Stock Purchase Schemes (ESPS), and Qualified Institutional Placements (QIP).

Fund Raising Mode:	Date	Amount Raised
Preferential Issue	20-03-2017	₹250.00 crores
Preferential Issue	07-06-2017	₹282.00 crores
Preferential Issue	31-03-2020	₹500.00 crores
Preferential Issue	16-09-2021	₹500.00 crores
ESPS	24-09-2021	₹150.00 crores
QIP	01-04-2022	₹93.50 crores
ESPS	21-03-2023	₹274.75 crores
QIP	15-12-2023	₹750.00 crores

Fund Utilisation Status

The bank reported complete utilisation of all raised funds in accordance with their original objectives. Each fund-raising exercise was designed to meet the needs of growing business including long-term capital requirements for pursuing the bank's growth plans and to maintain the Capital Adequacy Ratio as per regulatory guidelines laid down by the Reserve Bank of India.

Regulatory Compliance

The statement indicates no monitoring agency oversight was required for any of the fund-raising exercises. The bank confirmed that no modifications were made to the original objects for which funds were raised, and no shareholder approvals were sought for any changes in fund utilisation.

Compliance Parameter:	Status
Deviation/Variation in Fund Use	No
Monitoring Agency Required	Not Applicable
Audit Committee Comments	NIL
Auditor Comments	NIL
Modified Objects	None

Documentation and Submission

The statement was signed by Mohammad Shafi Mir, Company Secretary of Jammu & Kashmir Bank Limited, and submitted to both the National Stock Exchange of India Limited and BSE Limited on January 20, 2026. The comprehensive documentation demonstrates the bank's adherence to regulatory requirements and transparent reporting of fund utilisation across all capital-raising activities.

The consistent pattern of complete fund utilisation without deviations across multiple years reflects the bank's disciplined approach to capital management and regulatory compliance. All funds have been deployed according to their stated purposes of supporting business expansion and maintaining adequate capital ratios in line with banking regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.77%	-1.18%	+0.47%	-13.13%	+0.98%	+242.28%

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.

Metric:	Q3 FY26	Q3 FY25	Change (%)
Net Profit:	₹587.51 cr	₹499.88 cr	+17.6%
Net Interest Income:	₹2,829.82 cr	₹2,574.35 cr	+9.9%
Total Income:	₹3,853.87 cr	₹3,585.26 cr	+7.5%
Interest Earned:	₹3,314.64 cr	₹3,293.00 cr	+0.7%

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.

Parameter:	9M FY26	9M FY25	Growth
Net Profit:	₹2,078.46 cr	₹1,489.52 cr	+39.5%
Total Income:	₹11,771.39 cr	₹10,058.80 cr	+17.0%
Interest Earned:	₹9,927.69 cr	₹8,821.08 cr	+12.5%

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.