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JAMMU, Jan 20: Jammu and Kashmir Bank today announced robust financial numbers for the October-December quarter of FY26, registering a 10.4 per cent rise in net profit annually and an 18.7 per cent growth sequentially.
The bank’s net profit rose to Rs 586.73 crore in the latest third quarter from Rs 531.51 crore recorded in the corresponding three-month period of the previous financial year, according to an official statement.
The bank’s Board of Directors approved the quarterly results for the third quarter and the nine months of the ongoing fiscal year during a meeting held at its divisional office here. Net profit in the first nine months of the current financial year grew 4.5 per cent to Rs 1,565.68 crore as against Rs 1,497.92 crore recorded in the same period of last financial year, reflecting a sustained growth trajectory, the statement said.
Net Interest Margin (NIM) during the quarter improved to 3.62 per cent, up by 6 basis points quarter-on-quarter. Cost-to-income ratio of the bank also improved to 55.88 per cent from 57.28 per cent a year ago, while Return on Assets (RoA) for the nine months stood at 1.23 per cent.
The board-approved capital raise of Rs 1,250 crore will boost our capital adequacy and cushion us comfortably to support calibrated business expansion across key sectors.
It will enhance our ability to absorb risk, while reinforcing our long-term focus on sustaining asset quality, improving profitability and creating enduring value for our shareholders,” he said.
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