J&K Bank reported its highest ever annual net profit of ₹2363.47 crore for FY26, marking 13% YoY growth despite a one-time provision.
Total business grew 13.61% YoY to ₹290341 crore with net advances surging 18% and deposits up 11.30%.
Asset quality improved significantly with Gross NPA ratio declining to 2.5% and Provision Coverage Ratio remaining above 90%.
The Bank maintained strong capital adequacy with CRAR at 16.55% while noting potential capital raising due to ECL implementation from April 2027.