Key Financial Figures (Standalone)

Income Statement (₹ in crores)

  • Interest Earned: ₹3,546.00 (Q1 FY27) vs ₹3,268.27 (Q1 FY26) - 8.5% increase
  • Interest on Advances/Bills: ₹2,665.09
  • Income on Investments: ₹722.36
  • Interest on Balance with RBI & Inter Bank Funds: ₹10.87
  • Others: ₹147.68
  • Other Income: ₹214.02
  • Total Income: ₹3,760.02
  • Interest Expended: ₹2,048.88
  • Operating Expenses: ₹1,007.86
  • Employees Cost: ₹651.16
  • Other Operating Expenses: ₹356.70
  • Total Expenditure: ₹3,056.74
  • Operating Profit before Provisions: ₹703.28
  • Provisions (other than tax): ₹84.04
  • Provisions for NPA: ₹30.61
  • Profit before tax: ₹619.24
  • Tax Expenses: ₹195.06
  • Income Tax Provisions: ₹173.75
  • Deferred Tax Asset/(Liability): ₹21.31
  • Net Profit: ₹424.18

Balance Sheet (₹ in crores)

  • Capital: ₹110.13 (unchanged)
  • Reserves and Surplus: ₹17,138.76 vs ₹16,639.73 (Mar 2026)
  • Deposits: ₹1,73,420.33 vs ₹1,65,354.00 (Mar 2026)
  • Borrowings: ₹4,381.00 vs ₹3,431.00 (Mar 2026)
  • Total Liabilities: ₹1,98,837.68
  • Advances: ₹1,28,183.11 vs ₹1,22,641.02 (Mar 2026)
  • Investments: ₹43,249.84 vs ₹40,821.86 (Mar 2026)
  • Total Assets: ₹1,98,837.68

Key Ratios

  • Capital Adequacy Ratio (BASEL III): 16.67% (CET1: 14.78%, Tier1: 14.44%)
  • EPS (Basic & Diluted): ₹3.85 (not annualized)
  • Gross NPA: ₹3,088.94 crores (2.50% of Gross Advances)
  • Net NPA: ₹769.31 crores (0.60% of Net Advances)
  • Return on Assets (Annualized): 1.78%
  • Net Worth: ₹13,549.62 crores
  • Operating Margin: 18.70%
  • Net Profit Margin: 11.28%

Consolidated Results (₹ in crores)

  • Net Profit: ₹425.32 (includes share of profit from associate of ₹3.48 crore)
  • Total Income: ₹3,764.96
  • Capital Adequacy Ratio: 16.58%
  • EPS: ₹3.89 (not annualized)

Segment Reporting (Standalone)

  • Treasury Operations: Revenue ₹882.46 crore, Profit ₹16.54 crore
  • Corporate/Wholesale Banking: Revenue ₹935.93 crore, Profit ₹666.58 crore
  • Retail Banking: Revenue ₹2,255.32 crore, Profit ₹196.46 crore
  • Digital Banking: Revenue ₹0.05 crore, Loss ₹0.22 crore
  • Other Retail Banking: Revenue ₹2,255.27 crore, Profit ₹196.68 crore
  • Other Banking Business: Revenue ₹21.28 crore, Profit ₹10.22 crore

Emphasis of Matter from Auditors

1. Change in PSLC Accounting Policy: Effective April 1, 2026, the Bank changed its policy for recognizing expenditure/income from Priority Sector Lending Certificates. Instead of full recognition in transaction quarter, these are now recognized systematically over the validity period. This change increased Q1 PAT by ₹56.29 crore.

2. IFR Transfer: The Bank transferred ₹263.63 crore from Investment Fluctuation Reserve to General Reserve during the quarter, pursuant to RBI Circular RBI/2026-27/83 dated May 18, 2026, following discontinuation of IFR maintenance requirement.

Subsidiary and Associate Details

  • JKB Financial Services Limited: Subsidiary (100% ownership)
  • Jammu and Kashmir Grameen Bank: Associate (35% ownership) - contributed ₹3.48 crore to consolidated profit

Audit Review

Financial results subjected to limited review by joint auditors: Gupta Sharma & Associates, JCR & Co. LLP, and Dhar Tiku & Co. The review covered 132 branches directly and relied on concurrent auditor reports for 252 additional branches (covering 79.07% of advances portfolio).