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J&K Bank Profit Surges 11% in Q3 FY26
20 Jan
Summary
- Net profit grew by 11% to ₹589 crore in Q3 FY26.
- Gross non-performing assets reduced to 3%.
- Total income increased to ₹3,593 crore in the quarter.
Jammu & Kashmir Bank reported a significant 11% growth in net profit for the third quarter of the fiscal year 2026, concluding on December 31, 2025. The bank's net profit for this period reached ₹589 crore, a notable increase from the ₹531 crore recorded in the same quarter of the previous fiscal year.
This financial upswing was accompanied by a rise in total income, which climbed to ₹3,593 crore during the October-December quarter of FY26. This compares favorably to the ₹3,448 crore earned in the corresponding quarter of FY25, indicating robust business activity and revenue generation.
Furthermore, the bank demonstrated improved asset quality, with its gross non-performing assets (NPA) standing at 3% of its gross loans by the end of the December quarter in FY26. This marks a substantial reduction from the 4.08% reported in the year-ago period, signaling effective risk management and a healthier loan portfolio.
