J&K Bank Q2 Net Profit Jumps 10.6% YoY to ₹546 Cr

J&K Bank reported a net profit of ₹546.36 Cr for the second quarter ended September 30, 2026, marking a 10.6% year-on-year increase and a 28.8% quarter-on-quarter rise. Total business grew by 19.38% YoY to ₹3.10 lakh Cr. Gross advances increased by 23.72% to ₹1.33 lakh Cr, and total deposits rose by 16.30% to ₹1.76 lakh Cr. The bank achieved its best asset quality metrics in a decade, with the Gross NPA ratio declining to 2.23% and the Net NPA ratio improving to 0.51%. The Provision Coverage Ratio (PCR) also reached a decadal best of 91.76%. Net Interest Income (NII) grew 5% YoY to ₹1502 Cr, and other income doubled YoY to ₹314.90 Cr. Operating profit for the half-year grew over 15% YoY to ₹1,492 Cr.