The Jammu and Kashmir Bank, based in Srinagar, announced a record annual profit of ₹2,326.47 crore for the fiscal year 2025-26, reflecting a 13% increase from ₹2,082.46 crore in the previous year. This marks the bank's fourth consecutive year of record profits, driven by improved asset quality and a strong capital adequacy ratio exceeding 16.50%. The bank's gross non-performing assets (NPA) ratio improved to 2.5%, down from 3% in the previous quarter, indicating effective management of credit risk. The bank's total business also saw a significant rise, reaching ₹29,034 crore, a 13.61% increase year-on-year. Despite challenges such as intense competition and muted interest income growth, the bank remains focused on expanding its retail lending and supporting micro, small, and medium enterprises (MSMEs) as well as the agriculture sector. Additionally, the bank has committed ₹96 crore over the past three years towards various community development initiatives aligned with Sustainable Development Goals.