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Informist, Wednesday, Jul. 29, 2026

 

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--J&K Bank Apr-Jun net profit INR 4.24 bln
--J&K Bank Apr-Jun total income INR 37.60 bln  
--J&K Bank Apr-Jun net profit INR 4.24 bln vs INR 4.85 bln year ago 
--J&K Bank Apr-Jun total income INR 37.60 bln vs INR 35.17 bln yr ago 
--J&K Bank Apr-Jun provisions INR 840.4 mln vs INR 150.9 mln year ago 
--J&K Bank gross NPA ratio 2.37% on Jun 30 vs 2.50% qtr ago 
--J&K Bank net NPA ratio 0.60% on Jun 30 vs 0.64% qtr ago 
--J&K Bank Basel III capital adequacy ratio 16.67% on Jun 30 
--J&K Bank provision coverage ratio 90.53% on Jun 30 
--J&K Bank Apr-Jun net interest income INR 14.97 bln, up 2% on year 
--J&K Bank Apr-Jun net interest margin 3.28% 

 

By Pratiksha

 

NEW DELHI – Jammu and Kashmir Bank's net profit for the June quarter declined the most in 17 quarters on year due to a rise in interest expenses and a jump in provisions. An increase in tax outgo also weighed on the lender's bottom line. 

 

The state-owned bank's net profit for the June quarter fell almost 13% on year to INR 4.24 billion. Sequentially, the bottom line declined 47%. The bank disclosed the earnings during market hours. Following this, its shares at 1520 IST traded at INR 154.59 on National Stock Exchange, down over 12% from Tuesday's close.

 

The bank's total expenses rose over 7% on year to INR 30.57 billion in the June quarter. Of this, interest expenses rose nearly 14% on year to INR 20.49 billion.

 

Interest expenses posted the biggest on-year rise in seven quarters in Apr-Jun. The lender's operating expenses, however, fell over 3% on year to INR 10.08 billion. The bank's tax outgo for the June quarter rose almost 13% on year and a whopping 211% on quarter to INR 1.95 billion. 

 

The bank's provisions and contingencies jumped almost six-fold on year to INR 840 million. It rose over 67% on quarter. The lender's asset quality improved, with the net non-performing asset ratio falling to 0.6% in the June quarter from 0.82% a year ago and 0.64% a quarter ago. The gross NPA ratio fell to 2.37% in the June quarter from 3.50% a year ago and 2.50% a quarter ago. Provision coverage ratio rose to 90.53% in the June quarter from 90.09% a year ago. 

 

"With gross slippage ratio for the (annualised) June quarter below 0.5%, our endeavour remains to build a resilient balance sheet that supports quality credit growth while preserving long-term financial stability and safeguarding stakeholder interests," Managing Director and Chief Executive Officer Amitava Chatterjee said in a press release.

 

The lender's total income for the June quarter increased almost 7% on year to INR 37.60 billion. Of this, interest income, which holds the biggest chunk of the total, rose almost 9% on year to INR 35.46 billion. Other income fell 14% on year to INR 2.14 billion. The bank's net interest income rose 2% on year to INR 14.97 billion. 

 

The bank's advances grew 25% on year to INR 1.31 trillion as of Jun. 30, while deposits increased 17% on year to INR 1.73 trillion. Net interest margin stood at 3.28% in the reporting quarter. The lender's Basel III capital adequacy ratio was at 16.67% as on Jun. 30.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Himanshi Gupta

 

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