J&K Bank FY26 Net Profit Rises to INR2,363 Crores

Jammu & Kashmir Bank reported a record annual net profit of INR2,363 crores for FY26, a 13.5% growth, and a Q4 profit of nearly INR800 crores.
The Bank provided FY27 guidance including 12% credit growth, 10% deposit growth, NIM around 3.5%, and Gross NPA below 2.25%.
Asset quality improved with GNPA at 2.50% and NNPA at 0.64%, while the Bank plans a capital raise of INR1,250 crores for ECL norms.
Management highlighted a strategic shift with 37% of the loan book now in Rest of India and a focus on cost containment through technology.