Jammu & Kashmir Bank Reports 17% Growth in Gross Advances for Q4 FY26
J&K Bank's gross advances grow 17% YoY in Q4 FY26
Business Standard
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Jammu & Kashmir Bank's gross advances increased by 16.83% year-over-year, reaching ₹124,986.53 crore as of March 31, 2026. Total business also rose by 13.61% to ₹290,340.57 crore, driven by an 11.30% increase in total deposits. The bank's net profit grew by 10.4% to ₹586.73 crore.
- 01Gross advances increased by 16.83% YoY to ₹124,986.53 crore.
- 02Total business rose by 13.61% to ₹290,340.57 crore.
- 03Total deposits grew by 11.30% to ₹165,354.04 crore.
- 04Net profit increased by 10.4% to ₹586.73 crore.
- 05Gross investment declined by 1.55% to ₹41,319.50 crore.
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As of March 31, 2026, Jammu & Kashmir Bank reported a 16.83% increase in gross advances, totaling ₹124,986.53 crore, compared to ₹106,985.49 crore the previous year. The bank's total business rose by 13.61%, reaching ₹290,340.57 crore, while total deposits increased by 11.30% to ₹165,354.04 crore. CASA (Current Account Savings Account) deposits also saw an 8.07% rise, amounting to ₹75,478.40 crore. However, gross investments fell by 1.55% to ₹41,319.50 crore. The bank's net profit for Q3 FY26 increased by 10.4% to ₹586.73 crore, supported by a 4.2% rise in total income to ₹3,592.90 crore compared to Q3 FY25. Despite these positive results, the bank's stock price dropped by 0.57% to close at ₹113.60 on the Bombay Stock Exchange (BSE).
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The growth in gross advances and deposits indicates a strengthening financial position for Jammu & Kashmir Bank, which could lead to more lending opportunities for individuals and businesses in the region.
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