The Jammu & Kashmir Bank Limited — Updates, 25-10-2024: Press Release

Jammu and Kashmir Bank reported a 44.6% year-on-year increase in Q2 net profit, reaching Rs 550.92 crore. Half-year profits rose 36.6% to Rs 966.41 crore. Operating profit surged 47%, driven by growth in both core and non-core income. The bank's Gross NPA ratio improved to 3.95%, while deposits and advances grew 9% and 9.5%, respectively. The Capital Adequacy Ratio stands at 14.99%, and the bank emphasizes ongoing digital transformation to enhance customer experience.