Friday, November 6, 2026

J&K Bank FY26 update: Advances rise 17%, total business nears ₹2.9 lakh crore

Date:

Jammu and Kashmir Bank reported steady expansion in its business performance for FY26, with growth across deposits, advances and overall business.CASA deposits rose 8.07% year-on-year to ₹75,478 crore, compared with ₹69,843 crore a year earlier, indicating improved mobilisation of low-cost deposits.

Total deposits increased 11.3% to ₹1.65 lakh crore from ₹1.48 lakh crore, reflecting sustained customer inflows and balance sheet strengthening.
Overall business, comprising deposits and advances, grew 13.61% to ₹2.90 lakh crore, up from ₹2.55 lakh crore in the previous year, signalling broad-based operational growth.Gross advances saw a sharper rise of 16.83% year-on-year to ₹1.24 lakh crore, compared with ₹1.06 lakh crore in FY25, pointing to stronger credit offtake during the period.

Also read: J&K Bank in no rush to raise capital as profits and growth improve

The figures are provisional and subject to audit, the bank said.  Shares of the bank ended lower by 0.80% at ₹113.36 on the NSE.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Raamdeo Agrawal sees FIIs return as earnings improve and valuations turn attractive

Question Looking at the valuation compression across the market, are...

Stocks to Watch for November 2: Reliance Industries, Jio Platforms, BEL, Vodafone Idea, IOC, M&M and more

From Reliance Industries and Jio Platforms reporting strong quarterly...

Nvidia chief Jensen Huang reportedly targeted in Chinese spy plot | World News

By Jonathan Swan , Maggie Haberman , Ana Swanson...

Anup Bagchi takes charge at HDFC Bank: Can he close the gap with ICICI Bank?

When Anup Bagchi takes charge as MD and CEO...