Key Financial Performance (Q1 FY2027 vs Q1 FY2026)
Profit & Loss Account (₹ crore):
- Interest Earned: ₹3,546.00 (8.5% YoY increase from ₹3,268.27)
- Interest Expended: ₹2,048.88 (13.6% YoY increase from ₹1,802.84)
- Net Interest Income: ₹1,497.12 (2.2% YoY increase from ₹1,465.43)
- Other Income: ₹214.02 (14.0% YoY decrease from ₹248.79)
- Operating Income: ₹1,711.14 (0.2% YoY decrease from ₹1,714.22)
- Operating Expenses: ₹1,007.86 (3.2% YoY decrease from ₹1,041.38)
- Operating Profit: ₹703.28 (4.5% YoY increase from ₹672.84)
- Provisions & Contingencies: ₹84.04 (456.9% YoY increase from ₹15.09)
- Profit Before Tax: ₹619.24 (5.9% YoY decrease from ₹657.75)
- Provision for Tax: ₹195.06 (12.8% YoY increase from ₹172.91)
- Net Profit: ₹424.18 (12.5% YoY decrease from ₹484.84)
Balance Sheet (as of June 30, 2026):
- Capital: ₹110.13 crore (unchanged YoY and QoQ)
- Reserves and Surplus: ₹17,138.76 crore (17% YoY increase from ₹14,670.67 crore)
- Deposits: ₹1,73,420.33 crore (17% YoY increase from ₹1,48,541.82 crore)
- Borrowings: ₹4,381.00 crore (84% YoY increase from ₹2,382.84 crore)
- Total Assets: ₹1,98,837.68 crore (16% YoY increase from ₹1,70,819.96 crore)
- Advances: ₹1,28,183.11 crore (27% YoY increase from ₹1,01,230.11 crore)
- Investments: ₹43,249.84 crore (1% YoY increase from ₹42,758.22 crore)
Key Financial Ratios
Profitability (Q1 FY2027):
- Net Interest Margin: 3.28% (44 bps decrease YoY)
- Cost to Income Ratio: 58.90% (185 bps decrease YoY)
- Return on Assets: 0.87% (30 bps decrease YoY)
Capital Adequacy (as of June 30, 2026):
- Tier 1 Capital: 14.78% (110 bps increase YoY)
- CET1: 13.91% (122 bps increase YoY)
- CRAR: 16.67% (69 bps increase YoY)
Asset Quality (as of June 30, 2026):
- Gross NPA: 2.37% (113 bps decrease YoY from 3.50%)
- Net NPA: 0.60% (22 bps decrease YoY from 0.82%)
- Provision Coverage Ratio: 90.53% (44 bps increase YoY from 90.09%)
- Gross Slippage Ratio: 0.45% (56 bps decrease YoY from 1.01%)
- Credit Cost: 0.10% (3 bps decrease YoY from 0.13%)
Business Highlights
- Total Business crossed ₹3 trillion with ₹1.73 trillion in deposits and ₹1.31 trillion in gross advances
- Record profit for four consecutive years with highest ever profit of ₹2,363 crore for FY 2025-26
- India Ratings upgraded the Bank's long-term issuer rating to INDAA- from INDA+ with stable outlook
- Market Capitalization crossed ₹20,000 crores and Net-worth crossed ₹15,000 crores
- Widespread Branch Network: 1008 Branches (835 in UT of J&K, 37 in UT of Ladakh, 136 across 20 other states/UTs)
- 11,747 regular employees and 203 contractual employees
- Digital transactions: More than 94% of transactions are now digital
Asset Quality Movement (Q1 FY2027)
- Gross NPA Balance at start: ₹3,124.84 crore
- Additions during period: ₹129.96 crore (52.5% YoY decrease)
- Upgradations: ₹52.39 crore (40.9% YoY decrease)
- Write off: ₹51.14 crore (658.8% YoY increase)
- Compromise/Settlements: ₹1.56 crore (96.0% YoY decrease)
- Other Recoveries: ₹60.78 crore (42.8% YoY decrease)
- Gross NPA Balance at close: ₹3,088.94 crore (15.1% YoY decrease)
Sector-Wise Credit Deployment (as of June 30, 2026)
- Personal Finance: ₹44,084.17 crore (33.78% of advances, GNPA 0.79%)
- Financial Markets: ₹24,378.12 crore (18.68% of advances, GNPA 1.96%)
- Agriculture: ₹13,368.57 crore (10.24% of advances, GNPA 1.99%)
- Infrastructure: ₹12,676.72 crore (9.71% of advances, GNPA 0.26%)
- Trade: ₹11,783.00 crore (9.03% of advances, GNPA 4.90%)
- Services: ₹11,412.45 crore (8.74% of advances, GNPA 6.44%)
- Manufacturing: ₹8,053.67 crore (6.17% of advances, GNPA 5.84%)
Shareholding Pattern (as of June 30, 2026)
- Promoters (Governments of UTs of J&K and Ladakh): 59.40% (65,40,98,280 shares)
- Resident Individuals: 18.51% (20,37,84,833 shares)
- FII/FPI: 9.38% (10,32,92,064 shares)
- Indian Mutual Funds: 6.36% (7,00,50,806 shares)
- Indian Financial Institutions: 1.00% (1,09,79,101 shares)
- Body Corporates: 2.53% (2,78,79,952 shares)
- Non-Resident Indians: 1.90% (2,09,59,952 shares)