Quarterly Result29 Jul 2026, 03:04 pm
J&K Bank Posts ₹424 Cr Net Profit for Q1 FY27
AI Summary
Jammu & Kashmir Bank reported a net profit of ₹424.18 Cr for the quarter ended June 30, 2026. The bank's total business crossed ₹3 trillion, with advances growing 25% YoY to ₹130,503 Cr and deposits increasing 17% YoY to ₹173,420 Cr. Net Interest Income rose 2% to ₹1497 Cr, and Operating Profit grew 4.5% to ₹703 Cr. The bank also saw improvements in asset quality, with GNPA declining to 2.37% and NNPA to 0.60%. Capital Adequacy Ratio improved to 16.67%. The MD & CEO highlighted strategic investments for long-term value creation despite margin pressures.
Key Highlights
- Net profit for Q1 FY27 stands at ₹424.18 Cr.
- Total business surpasses ₹3 trillion, with advances up 25% YoY.
- Asset quality improved; GNPA at 2.37%, NNPA at 0.60%.
- Capital Adequacy Ratio (CRAR) improved to 16.67%.
- NII increased 2% to ₹1497 Cr; Operating Profit grew 4.5%.
Price Impact
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