• The document is an intimation of a conference call with analysts and investors held on July 29, 2026, in connection with the Reviewed Financial Results of the Bank for the Quarter ended June 30, 2026 (Q1 FY27).
  • The audio recording and opening remarks of the conference call are available at the bank's investor relations website: https://jkb.bank.in/investor/stockExchangeIntimation/investorrelations.
  • The conference call included senior management participants: Executive Director Mr. Sudhir Gupta; Chief General Managers Mr. Imtiyaz Ahmad Bhat, Mr. Ashutosh Sareen, Mr. Rajesh Malla Tikoo, and Mr. Sunit Kumar; Deposit Liability Management Head Mr. Peer Masood Ahmad; RAM Banking Head Mr. Sanjay Gupta; Corporate Banking Head Mr. Suresh Kumar Chowdhary; Impaired Assets Portfolio Management Head Mr. Irfan Anjum; Chief Financial Officer Mr. Ketan Kumar Joshi; Chief Risk Officer Mr. Altaf Hussain Kira; and Treasury Head Mr. Ajay Kohli.
  • The purpose was to discuss Q1 FY27 financial results and provide a business update.

Financial and Business Highlights

  • Business Growth: The bank crossed ₹3 trillion in total business. Deposits grew 16.75% YoY and 4% QoQ. Advances grew 25.44% YoY and 4% QoQ.
  • Geographic Diversification: Rest of India (ROI) Division contributed 26% of business vs. less than 20% a year ago. The bank maintains 61.13% market share in J&K and Ladakh.
  • Segment Performance: Retail, Agriculture, and MSME (RAM) loans constitute two-thirds of the loan book. Retail advances showed double-digit YoY growth. Agricultural advances grew ~18% YoY. Personal loans in ROI grew over 12% YoY, with car loans up over 20% YoY (over 30% in ROI).
  • Deposits: Term deposits grew over 24% YoY, while CASA deposits grew ~7.5% YoY. CASA ratio was 42.06% as of June 30, 2026.
  • Financial Performance: Operating profit was ₹703 crore, up 5% YoY. Net profit was ₹424 crore. Net Interest Income increased YoY and QoQ, but Other Income was subdued due to lower recoveries from technically written-off accounts.
  • Margins & Yields: Yield on Advances was 8.56% (vs. 9.35% YoY, but up from 8.51% QoQ). Cost of Deposits was 4.74% (down 9 bps YoY). NIM was 3.28%.
  • Asset Quality: Gross NPA was 2.37%, Net NPA was 0.60%. PCR was above 90.5%. Gross slippages (annualized) were below 0.5%.
  • Capital: Capital Adequacy Ratio was 16.67%, with CET-1 at 13.91%.
  • Shareholding: FIIs and Domestic Mutual Funds held 15.74% as of June 30, 2026, vs. 11.50% a year ago.

Guidance for FY 2026-27

  • Credit growth: 12%
  • Deposit growth: 10%
  • CASA: 45%
  • NIM: Around 3.50%
  • RoA: Maintain around FY 2026 levels
  • RoE: Around 16%
  • GNPA: Below 2.25%

Additional Notes

  • The document includes the opening remarks (investor brief) from the conference call.
  • The intimation is made pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.