The Jammu & Kashmir Bank Limited — Investor Meet, 09-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jammu and Kashmir Bank posted a record net profit of Rs. 2,082 Cr for FY25, up 17.8% YoY (37% ex-one-offs), with operating profit rising 28.7% to Rs. 2,930 Cr. Q4 net profit grew 10% QoQ to Rs. 585 Cr. Deposits and advances increased ~10% YoY, CASA ratio remained strong at 47%, and NIM held steady at 3.92%. Asset quality is stable with GNPA at 3.37%, NNPA at 0.79%, and slippages under 1%. The board approved a 215% dividend.

Management targets FY26 credit growth of 12%, CASA above 48%, NIM of 3.7-3.8%, ROA ~1.3%, and GNPA below 3%. About half the retail book comprises government employee loans; focus is on diversifying retail loans geographically and expanding housing/car loans outside J&K. Corporate exposure includes Rs. 2,500-3,000 Cr CAPEX projects in J&K and Ladakh.

Other income rose 38% to over Rs. 1,000 Cr, aided by Rs. 390 Cr stressed asset recovery. Operating costs remain stable with continued tech investments to boost digital loan issuance and efficiency. Management emphasized cautious, risk-aware expansion, digital transformation, and sustained profitability amid interest rate shifts, aiming for Rs. 5,000 Cr profit and Rs. 5 lakh Cr business in five years.