Archive · 29 Jul 2026
J&K Bank Q1 Profit Rises to ₹424 Crore
Jammu & Kashmir Bank made a lot of money in the first three months of 2026.
They lent more money to people and collected more deposits, which helped them grow.
However, it cost them more to get this money, which slightly reduced their profits.
The bank is doing well overall, but they need to work on getting cheaper deposits to make even more money in the future.
J&K Bank reported a net profit of ₹424.18 crore for Q1 2026.
Advances grew 25% year-on-year to ₹1.31 lakh crore.
Deposits increased 17% to ₹1.73 lakh crore.
Total business crossed ₹3 lakh crore, rising over 20%.
Net interest income rose 2% to ₹1,497 crore.
- Who
- Jammu & Kashmir Bank
- What
- Reported a net profit of ₹424.18 crore for Q1 2026
- When
- Quarter ended June 30, 2026
- Where
- Jammu & Kashmir, India
- Why
- Due to strong business expansion and improved asset quality
Positive Growth Indicators
Margin Pressures
Business Expansion
Positive Growth Indicators
The bank's advances and deposits grew significantly, with advances rising 25% and deposits increasing 17%, leading to total business crossing ₹3 lakh crore.
Margin Pressures
Elevated funding costs and sluggish low-cost deposit mobilization pressured margins, affecting profitability.
Asset Quality
Positive Growth Indicators
The bank's gross NPA ratio improved to 2.37% from 2.50% in the previous quarter, indicating better asset quality.
Margin Pressures
Despite improvements, the bank still faces challenges in maintaining margins due to higher funding costs.
- Net Profit
- ₹424.18 crore
- Advances Growth
- 25% year-on-year
- Deposits Growth
- 17% year-on-year
- Total Business
- ₹3.04 lakh crore
- Net Interest Income
- ₹1,497 crore
- Net Interest Margin
- 3.28%
- Operating Profit
- ₹703 crore
- Cost-to-Income Ratio
- 58.90%
- Gross NPA Ratio
- 2.37%
- Provision Coverage Ratio
- 90.53%
- Capital Adequacy Ratio
- 16.67%