Jammu and Kashmir Bank Achieves Record Profit for Fourth Year Running

Jammu and Kashmir Bank reported a record profit of Rs 2,363 crore for the 2025-26 financial year. This marks the fourth consecutive year of record profits, with significant growth despite challenges such as a one-time impairment provision and changes in lending rates.

Jammu and Kashmir Bank announced a record profit of Rs 2,363 crore for the 2025-26 financial year, marking its fourth consecutive year of financial prosperity. Despite geopolitical and local challenges, the bank's strategic execution resulted in a 13% year-on-year profit increase compared to Rs 2,082.46 crore in FY 2024-25.

The bank also achieved significant quarterly performance, recording a net profit of nearly Rs 800 crore, an improvement from Rs 584.54 crore the previous year. Enhancements in key financial metrics such as net interest margin and return on assets contributed to these record-breaking results.

MD & CEO Amitava Chatterjee acknowledged the muted growth in interest income, attributing it to a 125 basis-point cut in policy rates by the Reserve Bank of India, affecting lending rates. Nevertheless, the bank's disciplined cost management and asset quality improvements underscore its robust financial health.