J&K Bank Posts Record Rs 20.82 Billion Profit in FY25

07 May 2025 CW Team

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)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..