January 20, 2026
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J&K Bank posts stronger Q3 results, improved asset quality, and a board-approved Rs 1,250 crore capital raise.
Jammu and Kashmir Bank reported Q3 net profit of Rs 586.73 crore (10.4% YoY) and Rs 1,565.68 crore for nine months (4.5% YoY). Operating metrics improved with NIM at 3.62%, NII at Rs 1,488.88 crore, other income at Rs 279.46 crore, cost-to-income at 55.88%, and cost of deposits at 4.69%. Asset quality strengthened: gross NPA 3.00%, net NPA 0.68%, and PCR 90.46%. Gross advances grew 17.3% YoY to Rs 1,16,248 crore and deposits rose 10.6% to Rs 1,55,861 crore. The board approved results and a Rs 1,250 crore capital raise; CAR stood at 15%.