The Jammu & Kashmir Bank Ltd

During the earnings conference call held on July 29, 2026, Jammu & Kashmir Bank Limited's management, led by Managing Director Amitava Chatterjee, discussed the bank's performance for the first quarter of FY27. The bank reported a year-on-year growth of 16.75% in deposits and 25.44% in advances, marking a significant milestone by crossing INR3 trillion in business. Management highlighted the diversification of its business portfolio, with the Rest of India division contributing 26% of total business. Despite a challenging global economic environment, the bank maintained a strong market share in J&K and Ladakh. The operating profit for the quarter was INR703 crores, a 5% increase year-on-year, although net profit decreased to INR424 crores due to higher provisioning. Management set a goal of 12% credit growth and 10% deposit growth for FY27, while maintaining a focus on quality lending and asset quality improvement. The CASA ratio was reported at 42.06%.

The management highlighted both growth achievements and challenges in profitability.