The Jammu & Kashmir Bank Limited — Updates, 20-01-2025: Press Release

Jammu and Kashmir Bank reported a robust financial performance for the October-December quarter, with net profit increasing by 26.2% YoY to ₹531.51 Cr, and a 32.7% YoY jump for the nine-month period to ₹1497.92 Cr. The bank's Net Interest Income (NII) grew by 17.8% YoY to ₹1508.68 Cr, contributing to a net interest margin improvement to 4.04%. Asset quality also showed positive trends, as the Gross NPA ratio decreased to 4.08% from 4.84% a year ago, while the Provision Coverage Ratio stood at 89.67%.

Business growth continued with Net Advances rising by 7% YoY to ₹95990.38 Cr and deposits increasing by 9.7% YoY to ₹140947.14 Cr. The Capital Adequacy Ratio (CAR) improved to 15.09%, providing solid headroom for further lending expansion. Looking ahead, the bank aims to enhance growth through priority sector lending while exploring new markets, indicating a positive outlook for sustained performance and stakeholder value.