The Jammu & Kashmir Bank Limited — Important, 25-10-2024: Financial Result Updates

Jammu and Kashmir Bank Limited reported its reviewed standalone and consolidated financial results for Q2 and H1 FY2024. Key highlights include a net profit of ₹559.92 crores for the period, with a Gross NPAs to Gross Advances ratio at 3.95%. The bank implemented new accounting policies reflecting a reduction in pension liabilities. Cash and cash equivalents at period-end were ₹7,528.18 crores. Additional provisions were made for wage revisions and non-performing assets.