The Reserve Bank of India (RBI) has given its nod to the appointment of veteran banker S Krishnan as the part-time chairman of Jammu & Kashmir Bank . This strategic move, effective from November 13, 2025, will see Krishnan at the helm until March 26, 2028.

Key Appointment Details

Krishnan's Extensive Banking Experience

S Krishnan brings a wealth of experience to his new role at Jammu & Kashmir Bank. His illustrious career in the banking sector spans over four decades, marked by significant leadership positions:

• Started his banking career with Indian Bank in 1983
• Served as Executive Director at Syndicate Bank (November 2017 - March 2020)
• Held the position of Executive Director at Canara Bank (April 2020 - September 2020)
• Appointed as MD & CEO of Punjab & Sind Bank (September 2020 - May 2022)
• Most recently served as MD & CEO of Tamilnad Mercantile Bank Ltd. (September 2022 - June 2024)

Expertise and Achievements

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

• Specialized in Corporate Credit and Risk Management
• Played key roles in capital raising and merger processes
• Instrumental in digital transformation and business process re-engineering
• Achieved significant profitability improvements in his previous roles

Educational Background

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

This appointment comes at a crucial time for Jammu & Kashmir Bank, as the institution looks to leverage Krishnan's extensive experience in banking operations, risk management, and corporate governance. His track record of turning around bank performances and driving digital initiatives aligns well with the evolving needs of the banking sector.

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.