J&K Bank has reported its highest-ever annual net profit of Rs 20.82 billion for FY 2024–25, marking its third consecutive year of record earnings. This represents a 17.83% growth over last year’s Rs 17.67 billion. For Q4 FY25, the bank posted a net profit of Rs 5.84 billion, up 10% from the previous quarter. The bank’s advances crossed the Rs 1 trillion mark for the first time, reaching Rs 1.04 trillion (Rs 1,041.98 billion), while deposits rose to Rs 1.49 trillion (Rs 1,485.69 billion). Net Interest Income grew 11.34% year-on-year to Rs 57.93 billion and other income jumped 37.7% to Rs 11.36 billion. Operating profit increased 28.7% to Rs 29.30 billion and Return on Assets improved to 1.44%.

MD & CEO Amitava Chatterjee credited the performance to strong customer trust, staff commitment, and strategic leadership. He said the bank is focused on scaling growth in high-potential markets and boosting lending to retail, MSME, and agriculture sectors, while pushing digital transformation.

The bank also improved its asset quality with gross NPAs down to 3.37% and net NPAs at 0.79%. Its Provision Coverage Ratio remains robust at over 90%, and Capital Adequacy Ratio is at 16.29%, ensuring readiness for future growth. The bank continues to invest in digital upgrades, ESG initiatives, and human capital development, including the rollout of its ‘e-Pathshala’ learning platform. CSR spending crossed Rs 310 million during the year, targeting sectors like healthcare, education, and sustainability.

Reaffirming its commitment to regional development, J&K Bank will continue to support entrepreneurship and inclusive growth in Jammu & Kashmir and Ladakh through focused lending and development programs.

(BSE)