J&K Bank Reports Strong Q3 Results: Net Profit Surges 10% to ₹586 Crore

SRINAGAR, January 20, 2026 — Jammu & Kashmir Bank (J&K Bank) has announced a robust financial performance for the third quarter of FY 2025-26, reporting a net profit of ₹586.73 crore.

This represents a 10.4% increase year-on-year (YoY) and an 18.7% jump compared to the previous quarter. The bank’s Board of Directors approved the results during a meeting in Jammu, noting that net profit for the first nine months of the current fiscal year has reached ₹1565.68 crore.

Managing Director & CEO Amitava Chatterjee attributed this success to resilient top-line growth and disciplined execution, even as the bank navigated local economic disruptions and provisioning requirements.

Key Financial and Operating Highlights:-The bank’s operating metrics showed significant improvement, with the Net Interest Margin (NIM) rising to 3.62%. Efficiency gains were evident as the Cost-to-Income ratio improved to 55.88%, down from 57.28% last year. Other highlights include: Net Interest Income (NII): Grew 3.8% quarter-on-quarter to ₹1488.88 crore.

Other Income: Surged 15.3% YoY to ₹279.46 crore.

Cost of Deposits: Successfully reduced to 4.69%.Asset Quality and Business ExpansionJ&K Bank continues to strengthen its balance sheet, with the Gross Non-Performing Asset (NPA) ratio declining sharply to 3.00% from 4.08% a year ago.

Net NPAs followed a similar downward trend, falling to 0.68%, supported by a healthy Provision Coverage Ratio (PCR) of 90.46%. In terms of business growth, the bank exceeded market guidance with a 17.3% YoY increase in gross advances, which now stand at ₹116,248 crore.

Total deposits also saw a double-digit rise of 10.6%, reaching ₹155,861 crore, reflecting high levels of customer trust and a focused expansion in retail, MSME, and agriculture sectors.Capital Adequacy and Future OutlookWith a Capital Adequacy Ratio (CAR) of 15%, the bank remains well-positioned to fund its future lending operations.

The MD & CEO noted that a Board-approved capital raise of ₹1,250 crore would further bolster the bank’s ability to support calibrated business expansion. Beyond the numbers, J&K Bank has remained committed to its social role, launching the 2025 Rehabilitation Package for disturbance-affected borrowers and accelerating its digital transformation.

These initiatives are designed to improve security, enhance the customer experience, and ensure the bank remains on track for a record-breaking fourth consecutive year of profitability.