Jammu and Kashmir Bank Ltd has reported strong financial performance for the year ended March 31, 2025. The bank has seen a 10.24% year-on-year (YoY) growth in total deposits and a 10.32% YoY growth in gross advances, reflecting its strong performance and increasing market presence.
Key Highlights:
Total Deposits:
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As of March 31, 2025, the total deposits in the bank were ₹1.25 lakh crore, higher than ₹1.13 lakh crore as of March 2024.
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Relative to February 2025, when deposits were estimated at ₹1.23 lakh crore, the bank recorded a 1.6% month-on-month (MoM) growth, a demonstration of sustained customer confidence and successful deposit mobilization efforts.
Gross Advances
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Gross advances were at ₹85,000 crore at end-March compared with ₹77,000 crore a year ago, a 10.32% YoY growth.
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Advances were at around ₹83,500 crore in February 2025, reflecting a 1.8% MoM growth based on excellent credit demand in both retail and MSME segments.
Strategic Focus:
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The bank's strategy to expand its digital banking offerings and deepen customer engagement has been a major driver of deposits and credit growth.
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Jammu and Kashmir Bank continues to build its presence in the rural and semi-urban segments, which is helping it significantly in its growth path.
Leadership Insights:
The country's spokesman for Jammu and Kashmir Bank said:
"Our strong performance in FY25 reflects our commitment to serving diverse customer needs while maintaining financial stability."
Outlook:
Expanding its product base and improving operational efficiency are the future plans of Jammu and Kashmir Bank, and hence it is poised for long-term growth in FY26.
Conclusion:
Jammu and Kashmir Bank's strong numbers reflect its resilience and flexibility in India's competitive banking environment.
Sources: Economic Times, Business Standard; April 4, 2025