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J&K Bank Reports Record Annual Profit, Strong Growth
5 May
Summary
- Net profit surged 36.5% YoY to ₹798 crore in Q4 FY26.
- Achieved highest annual profit of ₹2,363.47 crore for FY26.
- Gross NPAs improved to 2.50% in March quarter.
Jammu & Kashmir Bank announced a significant rise in its financial performance for the fourth quarter of FY26, with net profit increasing by 36.5% year-on-year to ₹798 crore. This growth contributed to the bank achieving its highest-ever annual profit of ₹2,363.47 crore for the full fiscal year FY26, marking a 13% increase over FY25. The bank's asset quality showed improvement, with gross non-performing assets (GNPA) reducing to 2.50% as of March 31, 2026. Net non-performing assets (NNPA) also saw a decline. The provision coverage ratio remained robust, exceeding 90%.
Total business for the bank experienced a substantial year-on-year growth of 13.61%, reaching ₹2,90,341 crore by March 31, 2026. Deposits increased by 11.30% to ₹1,65,354 crore, while net advances saw an 18% rise to ₹1,22,641 crore. The bank's capital adequacy ratio stood at a healthy 16.55% on March 31, 2026, and it indicated a potential consideration for capital raising in the current year due to the upcoming implementation of expected credit loss regulations.
