The Jammu & Kashmir Bank Limited — Investor Meet, 20-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

J&K Bank reported Q2 FY26 Net Profit of ₹494 Cr, up 1.9% QoQ. Deposits grew 10.2% YoY, and Advances 9.4% YoY. The CASA ratio improved to 45.89% after nine quarters. GNPA reduced to 3.32%, NNPA to 0.76%, with PCR above 90%. NIM contracted to 3.56% YoY but management believes it has bottomed out. A one-off impairment of ₹92 Cr this quarter (₹180 Cr H1 total) from Grameen Bank amalgamation impacted profitability. Strategic focus includes expanding retail presence in Rest of India and robust CASA growth, with a target of GNPA below 3%. A ₹16,000 Cr GST notice is expected to be resolved in the bank's favor.