JAMMU & KASHMIR BANK LTD.

The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank Limited's application to acquire up to 9.99% of the paid-up share capital or voting rights in Jammu & Kashmir Bank Limited. This approval is subject to conditions, including compliance with banking regulations, FEMA, and SEBI guidelines. Kotak Mahindra Bank must acquire the shareholding within one year, and any subsequent decrease below 5% will require prior RBI approval. The holding must not exceed 9.99% at any time.

Jammu & Kashmir Bank Ltd reported its highest-ever annual profit of ₹2363.47 Cr for FY 2025-26, a 13% YoY increase. The bank's Q4 net profit reached almost ₹800 crores. Despite a one-time impairment provision of ₹179 Cr, the bank's performance was driven by a net interest margin of 3.60% and improved operational efficiency. Total business surged 13.61% YoY to ₹290341 Cr, with deposits up 11.30% and net advances expanding by 18%.

Jammu & Kashmir Bank Ltd. reports no deviation or variation in the utilization of funds raised through preferential issues on March 20, 2017 (₹250 crores), June 7, 2017 (₹282 crores), and March 31, 2020 (₹500 Crores). The funds were intended to meet the needs of growing business, including long-term capital requirements and maintaining the Capital Adequacy Ratio as per RBI guidelines. The report, filed for the quarter ended March 31, 2026, indicates that the funds were utilized as originally intended, with no modifications to the original objectives or allocations.

Jammu & Kashmir Bank Ltd has disclosed related party transactions on a consolidated basis for the period ended March 31, 2026, as per Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The total value of related party transactions amounts to ₹70.19 Crores. Key related parties include JKB Financial Services Ltd and Jammu and Kashmir Grameen Bank.

Jammu & Kashmir Bank Ltd has released its audited financial results for the quarter and financial year ended March 31, 2026. The results were approved by the Board of Directors on May 5, 2026, in a meeting held from 11:00 A.M. to 03:40 P.M. The audit report includes opinions on the standalone financial results and mentions compliance with SEBI regulations, except for certain Pillar 3 disclosures which are available on the bank's website.

Jammu & Kashmir Bank Ltd has released its Integrated Financials for the quarter and financial year ended March 31, 2026. The results were approved by the Board of Directors on May 5, 2026, in a meeting held from 11:00 A.M. to 03:40 P.M. The filing includes the Standalone Financial Results and Independent Auditor's Report.

Jammu & Kashmir Bank Ltd has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results were approved by the Board of Directors on May 5, 2026, in a meeting held from 11:00 A.M. to 03:40 P.M. The audit report includes opinions on the standalone financial results, with compliance to SEBI regulations and accounting standards.

Jammu & Kashmir Bank Ltd. announced that its Board of Directors will hold a meeting on Tuesday, May 5, 2026. The primary agenda for this meeting is to consider and approve the Audited Standalone and Consolidated Financial Results of the Bank for the Quarter and Financial Year ended March 31, 2026. In compliance with SEBI regulations, the trading window for dealing in the Bank's securities has been closed from April 1, 2026, and will remain closed until May 7, 2026, inclusive of both dates. This announcement is crucial for investors awaiting the bank's annual performance figures.

Jammu & Kashmir Bank Ltd. announced the appointment of Mr. Ashish Kundra, IAS, and Mr. Pravin Raghavendra as Additional Directors to its Board, effective April 23, 2026. Mr. Kundra, an IAS officer and current Chief Secretary of Ladakh, will serve as a Rotational Director, bringing extensive experience in governance, development finance, and administration. Mr. Raghavendra, a seasoned banking professional with over 35 years of experience, including as Deputy Managing Director & COO at State Bank of India, is appointed as an Independent Director for a three-year term. These appointments, approved by the Board on April 22, 2026, are subject to shareholder approval.

Jammu & Kashmir Bank Ltd has reported a YoY growth of 13.61% in Total Business for the year ended 31.03.2026. The Total Business stood at Rs. 290,340.57 Crores, compared to Rs. 255,554.95 Crores in the previous year. Total Deposits also increased by 11.30% to Rs. 165,354.04 Crores from Rs. 148,569.46 Crores. CASA Deposits saw a growth of 8.07% to Rs. 75,478.40 Crores from Rs. 69,843.42 Crores. Gross Advances increased by 16.83% to Rs. 124,986.53 Crores from Rs. 106,985.49 Crores. However, Gross Investments decreased by 1.55% to Rs. 41,319.50 Crores from Rs. 41,970.20 Crores. It should be noted that these figures are provisional and subject to audit.