The Jammu & Kashmir Bank Limited — Investor Meet, 25-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Jammu and Kashmir Bank reported strong Q2 FY25 results with net profit rising 44.6% year-on-year to ₹551 crores. Deposits increased by 9% year-on-year, while advances grew by 9.5%. The bank maintains a robust CASA ratio of 48.60%. Asset quality improved with GNPA at 3.95%. The bank’s NIM is at 3.90%, with a projected annual growth of around 15% in credit and 12% in deposits for FY25. Future strategies focus on enhancing digital services and customer-centric operations.