Jammu and Kashmir Bank Limited

Jammu and Kashmir Bank's financial performance demonstrates resilience, with a 13.5% year-over-year increase in net profit to ₹2,363 crore for FY2026, driven by improved asset quality. However, a C&AG audit revealed accounting adjustments impacting reported profits, highlighting areas for potential scrutiny. The bank strategically divested its 0.5% stake in PNB MetLife for ₹120 crore, and simultaneously underwent significant changes in its audit and directorial structure, appointing Rajeev Gupta as an additional director and onboarding four new statutory central auditors while retiring existing ones. These shifts suggest a focus on governance and capital management, though investors should monitor the implications of the accounting adjustments identified by the C&AG.