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J&K Bank posted strong Q1 financial results, with net profit surging 16.7% YoY to Rs 484.84 Cr. Net Interest Income grew 7% to Rs 1465.43 Cr, and operating profit increased 13% to Rs 672.84 Cr. Deposits rose 12% to Rs 148,542 Cr, with net advances up 6.06% to Rs 101,230 Cr. Asset quality improved significantly, as Gross NPA fell to 3.50%. A one-time Rs 87 Cr impairment related to an RRB investment impacted reported profit, but underlying growth remains robust. The bank eyes accelerated credit off-take and operational diversification for future growth.