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Updated: May 05, 2025 22:01
Jammu & Kashmir Bank has reported a robust financial performance in the March quarter 2025, its fourth consecutive record quarter. The bank reported a net profit of ₹5.85 billion in the March quarter, 10% above the last quarter and ranking among the industry's top performers. Interest earned in the quarter was ₹32.12 billion, reflecting the bank's solid core business and efficient lending.
Asset quality also improved with gross NPA reducing to 3.37%, evidencing judicious risk management and recoveries. Advances of the bank have surpassed the level of ₹1 lakh crore and deposits increased by more than 10% year over year, evidencing sustained business momentum.
As a return to its shareholders for its excellent performance, the Board of Directors has recommended a dividend of ₹2.15 per equity share. The move is an indication of the bank's commitment to reward its investors while maintaining a healthy capital base.
The management attributed the performance to continued efforts at digital transformation and renewed focus on retail, MSME, and agri lending, especially in its domestic markets of Jammu & Kashmir and Ladakh. With such performances, Jammu & Kashmir Bank has reported a hattrick of record annual profits, demonstrating continued resilience and growth opportunities.
Source: KNS Kashmir
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