On the asset quality front, gross non-performing assets (GNPA) stood at 2.50% in the March quarter, compared with 3% in the previous quarter. Net non-performing assets (NNPA) stood at 0.64% versus 0.68% on a quarter-on-quarter basis. Provision coverage ratio remained strong at over 90%.
Capital adequacy ratio stood at 16.55% as on March 31, 2026. The bank said it may consider raising capital during the current year in view of the expected credit loss implementation from April 1, 2027.
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FY26
The bank reported its highest annual profit at ₹2,363.47 crore for FY26, marking a 13% year-on-year rise compared with ₹2,082.46 crore in FY25. The performance came despite a one-time impairment provision of ₹179 crore on its investment in J&K Grameen Bank during the first half of the fiscal.
Net interest income for FY26 grew marginally to ₹5,875.77 crore, impacted by a reduction in repo rates. Net interest margin for the year stood at 3.60%. Return on assets (RoA) improved to 1.78% for the quarter from 1.44% a year earlier, while FY26 RoA stood at 1.37%. Return on equity (RoE) was recorded at 16.85% for the year. The cost-to-income ratio improved for the fourth consecutive year to 56.18%.
Total business grew 13.61% year-on-year to ₹2,90,341 crore as of March 31, 2026. Total deposits rose 11.30% to ₹1,65,354 crore, while net advances increased 18% to ₹1,22,641 crore from ₹1,04,198 crore. CASA deposits grew 8.07% to ₹75,478 crore, with the CASA ratio rising to 45.65% from 44.10% in the previous quarter.
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Shares of Jammu and Kashmir Bank Ltd ended at ₹134.65, up by ₹3, or 2.28%, on the BSE today, May 5.
