Key Financial Performance - Q2 FY2027

Profit & Loss Account (₹ crore):

  • Interest Earned: ₹3,727.09 (13.2% YoY growth, 5.1% QoQ growth)
  • Interest Expended: ₹2,224.78 (19.8% YoY growth, 8.6% QoQ growth)
  • Net Interest Income: ₹1,502.31 (4.8% YoY growth, 0.3% QoQ growth)
  • Other Income: ₹314.90 (104.8% YoY growth, 47.1% QoQ growth)
  • Operating Income: ₹1,817.21 (14.5% YoY growth, 6.2% QoQ growth)
  • Operating Expenses: ₹1,028.07 (6.5% YoY growth, 2.0% QoQ growth)
  • Operating Profit: ₹789.14 (26.7% YoY growth, 12.2% QoQ growth)
  • Provisions & Contingencies: ₹72.34 (761.8% YoY growth, -13.9% QoQ change)
  • Profit Before Tax: ₹716.80 (13.1% YoY growth, 15.8% QoQ growth)
  • Provision for Tax: ₹170.44 (22.2% YoY growth, -12.6% QoQ change)
  • Net Profit: ₹546.36 (10.6% YoY growth, 28.8% QoQ growth)

Half Year Performance (H1 FY2027 vs H1 FY2026):

  • Net Profit: ₹970.54 crore vs ₹978.95 crore (-0.9% change)
  • Operating Profit: ₹1,492.42 crore vs ₹1,295.46 crore (15.2% growth)
  • Total Income: ₹7,273.09 crore vs ₹6,560.09 crore (10.9% growth)

Balance Sheet Position (as on September 30, 2026)

Liabilities (₹ crore):

  • Capital: ₹110.13 (unchanged YoY and QoQ)
  • Reserves and Surplus: ₹17,672.46 (17% YoY growth, 3% QoQ growth)
  • Deposits: ₹1,76,795.93 (16% YoY growth, 2% QoQ growth)
  • Borrowings: ₹5,381.00 (126% YoY growth, 23% QoQ growth)
  • Other Liabilities and Provisions: ₹3,713.58 (-30% YoY growth, -2% QoQ change)
  • Total Liabilities: ₹2,03,673.10 (16% YoY growth, 2% QoQ growth)

Assets (₹ crore):

  • Cash and Balance with RBI: ₹6,870.94 (1% YoY growth, -3% QoQ change)
  • Balance with Banks & Money at Call: ₹898.66 (176% YoY growth, -9% QoQ change)
  • Investments: ₹45,940.52 (3% YoY growth, 6% QoQ growth)
  • Advances: ₹1,31,234.13 (25% YoY growth, 2% QoQ growth)
  • Fixed Assets: ₹2,516.16 (15% YoY growth, 0% QoQ change)
  • Other Assets: ₹16,212.69 (2% YoY growth, -4% QoQ change)

Key Ratios and Performance Indicators

Profitability:

  • Net Interest Margin: 3.17% (39 bps decrease YoY, 11 bps decrease QoQ)
  • Cost to Income Ratio: 56.57% (422 bps decrease YoY, 233 bps decrease QoQ)
  • Return on Assets: 1.07% (9 bps decrease YoY, 20 bps increase QoQ)

Capital Adequacy (as on September 30, 2026):

  • Tier 1 Capital Ratio: 14.73% (167 bps increase YoY, 5 bps decrease QoQ)
  • CET 1 Ratio: 13.88% (177 bps increase YoY, 3 bps decrease QoQ)
  • CRAR: 16.57% (130 bps increase YoY, 10 bps decrease QoQ)
  • Total Risk Weighted Assets: ₹1,17,651 crore

Asset Quality:

  • Gross NPA: 2.23% (109 bps improvement YoY, 14 bps improvement QoQ)
  • Net NPA: 0.51% (25 bps improvement YoY, 9 bps improvement QoQ)
  • Provision Coverage Ratio: 91.76% (137 bps improvement YoY, 123 bps improvement QoQ)

Movement of Gross NPAs (Q2 FY2027):

  • Opening Balance: ₹3,088.94 crore
  • Additions: ₹104.03 crore (-56.2% YoY, -20.0% QoQ)
  • Upgradations: ₹54.68 crore (-72.4% YoY, 4.4% QoQ)
  • Write-offs: ₹92.19 crore (1804.8% YoY, 80.3% QoQ)
  • Compromise/Settlements: ₹3.47 crore (-83.5% YoY, 122.9% QoQ)
  • Other Recoveries: ₹59.23 crore (-11.0% YoY, -2.5% QoQ)
  • Closing Balance: ₹2,983.40 crore (-16.8% YoY, -3.4% QoQ)

Business Operations and Network

  • Branch Network: 1008 branches (835 in UT of J&K, 37 in UT of Ladakh, 136 across 20 other states/UTs)
  • Employees: 11,651 regular employees and 203 contractual employees
  • Digital Transactions: 94% of transactions are now digital
  • Subsidiary: JKB Financial Services Limited (wholly owned subsidiary)
  • Sponsorship: Sponsor bank of Jammu and Kashmir Grameen Bank
  • Designation: Agency Bank by RBI for conducting government banking in UTs of J&K and Ladakh

Shareholding Pattern (as on September 30, 2026)

  • Promoters (Governments of UTs of J&K and Ladakh): 59.40% (65,40,98,280 shares)
  • Resident Individuals: 17.34% (19,09,79,980 shares)
  • FII/FPI: 11.62% (12,79,29,859 shares)
  • Indian Mutual Funds: 6.35% (6,99,21,983 shares)
  • Indian Financial Institutions: 0.67% (74,04,898 shares)
  • Body Corporates: 2.10% (2,31,04,528 shares)
  • Non-Resident Indians: 1.76% (1,94,13,481 shares)
  • Others: 0.67% (73,68,657 shares)
  • Clearing Members: 0.09% (9,60,797 shares)

Recent Awards and Accolades

  • Second Best Performing Bank at National Level under Private Sector Banks (large category) for 2024-25
  • Best MSME Bank - Winner at MSME Banking Excellence Awards 2025
  • Best Corporate Social Responsibility Overall Practices award
  • SKOCH Silver Award for Improving Financial Performance/Profitability
  • Highest number of guarantees under CGTMSE scheme during FY 2024-25
  • Four awards at IBA CISO Summit & Citations 2025 including Cyber Security Transformation of the Year
  • CISO of the Year Award at Enterprise Security Connect 2025
  • Excellence in Continuous Professional Development Award by IIBF
  • Gold at Finacle Innovation Awards 2026 for Modern Technologies-led Innovation
  • Best Bank Award for Digital Transformation in Banking at Navabharat BFSI Summit & Awards 2026

Board of Directors

Key members include:

  • Mr. Amitava Chatterjee - MD & CEO (former DMD SBI and MD & CEO of SBI Capital Markets)
  • Mr. Shailendra Kumar (IAS) - Non-Executive Nominee Director
  • Mr. Tsewang Tharchin (IA&AS) - Non-Executive Non-Independent Director
  • Mr. Sudhir Gupta - Executive Director
  • Mr. Sanjiv Dayal - Non-Executive Nominee Director
  • Mr. Prafulla Premsukh Chhajed - Non-Executive Independent Director
  • Mr. Rajeev Gupta - Non-Executive Additional Director
  • Mr. Sankarasubramanian Krishnan - Part Time Non-Executive Chairman
  • Mr. Arun Gandotra - Non-Executive Independent Director
  • Mr. Anand Kumar - Non-Executive Independent Director
  • Mr. Pravin Raghavendra - Non-Executive Independent Director
  • Ms. Shahla Ayoub - Non-Executive Independent Director

Forward-Looking Statements Disclaimer

The presentation contains forward-looking statements subject to risks and uncertainties including market conditions, business environment, legal changes, non-performing loan levels, growth expansion, acquisition impacts, credit loss allowances, provisioning policies, demand for banking products, investment income, and cash flow projections. Financial figures are from audited/limited reviewed financials or management estimates.