J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

23 Oct 2025 CW Team

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.

The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1.80 billion, which, if excluded, would have resulted in over 15 per cent Y-o-Y growth in profitability.

Key Financial Highlights (H1 FY26):

Net Interest Income (NII): Rs 28.99 billion (up 3.4 per cent Y-o-Y)
NIM: 3.64 per cent
Other Income: Rs 4.05 billion
Cost-to-Income Ratio: 60.80 per cent
Return on Assets (RoA): 1.17 per cent

Asset Quality:

Gross NPA: 3.32 per cent (down 18 bps Q-o-Q, 63 bps Y-o-Y)
Net NPA: 0.76 per cent
Provision Coverage Ratio (PCR): 90.39 per cent

Business Growth:

Deposits: Rs 1.52 trillion (up 10.23 per cent Y-o-Y)
Net Advances: Rs 1.05 trillion (up 9.38 per cent Y-o-Y)
CASA Ratio: 45.89 per cent

Commenting on the results, MD & CEO Amitava Chatterjee said, “Despite disruptions from the Pahalgam incident in Q1 and floods in Q2, our H1 performance is encouraging. Strong operational discipline, robust risk management, and healthy asset quality underpin our optimism to meet annual guidance, including GNPA below 3 per cent by year-end.”

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