The Jammu & Kashmir Bank Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

J&K Bank's board has announced a meeting where it approved Q1 FY25 consolidated financial results. The bank reported a net profit of Rs 484.53 Cr, a ~16% jump year-on-year. Deposits surged ~12% to Rs 1.48 lakh Cr, while net advances grew over 6% to Rs 1.01 lakh Cr. Gross NPAs improved to 3.50% (from 3.91% YoY), with Net NPAs at 0.82%. Capital Adequacy Ratio stood strong at 16.38%. The bank also highlighted an Rs 87.47 Cr impairment from a Grameen Bank investment impacting profit. Future plans include NPA reduction to ~3% and exploring further capital raises.