The Jammu & Kashmir Bank has received executive confirmation regarding its ambitious loan growth targets for FY26, with company leadership indicating strong confidence in achieving the upper end of its revised forecast range.

Executive Confirmation on Growth Targets

According to CNBC TV18, a company executive has stated that 15% loan growth in FY26 is likely, confirming the bank's ability to achieve the higher end of its revised target range. This executive statement provides greater clarity on the bank's growth expectations and reinforces management's confidence in the institution's expansion capabilities.

Revised Growth Strategy

The bank had previously increased its loan growth forecast for FY26 to a range of 12-15%, marking an upward adjustment from its earlier target of 12%. The executive's recent statement suggesting 15% growth is likely indicates the bank's strong positioning to achieve the more aggressive end of this range.

Strategic Positioning

This executive confirmation demonstrates the bank's confidence in its operational capabilities and market opportunities. The indication that 15% loan growth is achievable reflects management's assessment of favorable market conditions, regulatory environment, and the institution's internal capacity to support enhanced lending activities.

The bank's optimistic outlook suggests a robust strategy for expanding its lending portfolio and strengthening its market position in the upcoming fiscal year.

Jammu & Kashmir Bank has released its provisional business update for Q3FY26, demonstrating strong growth momentum across key financial metrics. The bank reported total business of ₹2,72,109.27 crores as of December 31, 2025, marking a significant 13.34% year-on-year increase from ₹2,40,080.49 crores in the corresponding quarter of the previous fiscal year.

Financial Performance Overview

The bank's financial performance reflects robust expansion across its core business segments amid a competitive banking environment. The disclosure, made under SEBI regulations for fair disclosure of unpublished price-sensitive information, provides insights into the bank's operational progress during the third quarter.

Deposit Growth and Composition

The bank's deposit base showed steady growth, reaching ₹1,55,861.35 crores in Q3FY26, representing a 10.58% increase from ₹1,40,947.14 crores in the same quarter last year. This growth reflects the bank's continued ability to attract customer deposits through both retail and institutional segments, despite the competitive banking environment.

However, the CASA (Current Account Savings Account) composition experienced a notable shift during the period:

The decline in CASA ratio to 44.10% indicates a higher share of term deposits in the overall deposit mix, reflecting the modest pace of expansion in low-cost deposits.

Advances and Investment Portfolio

The bank demonstrated strong lending growth with gross advances reaching ₹1,16,247.92 crores, marking an impressive 17.26% year-on-year increase. This substantial growth in the loan portfolio indicates robust credit demand and the bank's successful lending initiatives, supporting the overall business expansion.

Conversely, the bank's gross investment portfolio contracted by 2.07% to ₹40,535.76 crores from ₹41,394.29 crores in the previous year. This decline suggests a strategic shift in asset allocation, possibly reflecting the bank's focus on expanding its lending operations.

Market Performance and Regulatory Compliance

The bank's shares ended 1.37% higher at ₹102.42 ahead of the business update announcement, reflecting positive investor sentiment. The quarterly business update provides a snapshot of the bank's operational performance ahead of its detailed financial results.

The business update was filed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The bank emphasized that the reported figures are provisional and subject to audit or review, maintaining transparency in its financial reporting process.

The disclosure was signed by Mohammad Shafi Mir, Company Secretary, and submitted to both the National Stock Exchange of India Limited and BSE Limited, ensuring timely communication with stakeholders and regulatory authorities.