Jammu and Kashmir Bank Limited (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector banks in India incorporated in October 1938. J&K Bank is listed on both NSE and BSE and has its Corporate Headquarters at Srinagar. Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.
The bank holds a unique position as the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers' Committee (SLBC/UTLBC) meetings. The Bank continued to discharge its lead bank responsibility satisfactorily in 12 districts of UT of J&K, i.e. Srinagar, Ganderbal, Budgam, Baramulla, Bandipora, Kupwara, Anantnag, Kulgam, Pulwama, Shopian, Poonch and Rajouri.
J&K Bank has demonstrated strong financial performance with Market Cap ₹12,250 Crore as of recent data. On a consolidated basis, Jammu and Kashmir Bank Ltd reported a profit of ₹581.91 Crore on a total income of ₹3,619.22 Crore for the quarter ended 2025. For the year ended 2024, Jammu and Kashmir Bank Ltd had posted a profit of ₹1,769.91 Crore on a total income of ₹11,213.20 Crore.
The bank's annual performance has been remarkable, with the bank's annual net profit reached a record high of ₹2,083 Crore, reflecting strong overall performance. J&K Bank Reports Q4 Decline, Declares Dividend - May 05, 2025 · Jammu & Kashmir Bank reported an 8% decline in Q4 profit to ₹584.54 Crore, while announcing a 215% dividend for FY25.
- Return on Assets (ROA): 1.32% against a peer average of 1.14%.
- Return on Equity (ROE): 17.37%.
- Net Interest Margin (NIM): 3.92%.
- Cost to Income Ratio: 57.73%.
- Gross NPA Ratio: 3.37%, a reduction of 71 basis points from the previous year.
The bank has consistently shown improvement in asset quality metrics, with record quarterly interest earnings and the lowest levels of gross and net non-performing assets in Q1 FY25. J&K Bank achieved its highest quarterly interest earned at ₹3,211.85 Crore, marking consistent growth over the last five quarters.
The bank now holds deposits of ₹1,48,569 Crore and net advances of ₹1,04,199 Crore, with consistent CAGR growth of over 10%. Maintaining a dominant market share of 61.43% in Jammu and Kashmir, J&K Bank services nearly 2 Crore deposit and loan accounts through its network of 878 branches and 1,948 Business Correspondents (BCs).
The bank's credit disbursement has exceeded targets, with the bank surpassed its Annual Credit Plan 2025 target by disbursing ₹51,839 Crore, achieving 182% of its goal. Account base of 2.10 Crore as on March 31, 2025, and customer base of 1.25 Million demonstrates the bank's extensive reach and customer engagement.
J&K Bank maintains its position as the leading financial institution in the region with significant infrastructure development. The bank has expanded its presence beyond its traditional strongholds while maintaining its regional dominance. With an increase in the number of branches to 955 and ATMs to 1354 as on March 31, 2020, the Bank has allotted a preferential allotment of 156592546 equity shares of Re.1/ each fully paid up for cash to the Government of Jammu and Kashmir at the issue price of ₹31.93 per equity share.
Promoter holding in Jammu and Kashmir Bank Ltd has remained stable at 59.40% as of March 2025 (unchanged from June 2024). The government backing provides stability and strategic support to the bank's operations. J&K Bank, with a prominent promoter holding by the government of Jammu and Kashmir at 59.40%, has an inherent stability and degree of trust that it enjoys. This support is bound to give a certain amount of insulation from significant risks but will also lead to policy-driven growth movements.
J&K Bank has set ambitious targets for future growth. Jammu and Kashmir Bank aims for ₹5,000 Crore profit by 2030 while reporting an 8.5% decline in Q4 net profit to ₹584 Crore. The bank targets 12% asset growth in FY26, emphasizing agriculture and corporate lending. A target of bringing it further down to around 2.5% in the current financial year for gross NPAs shows the bank's commitment to maintaining high asset quality standards.
The bank has received several accolades for its performance and innovation. Best Performance on Profitability award in the category of Private Sector Bank (Mid Size) at the 2nd ICC Emerging Asia Banking Conclave & Awards 2024 · Platinum Award under the category of Process Innovation at Infosys Finacle Innovation Awards – 2024 · Award of Excellence for enrolling the maximum number of APY beneficiaries under the 'Mission Upgrade' campaign of PFRDA for FY 2024 · 'Gold Award' under the category of Process Innovation at Infosys Finacle Innovation Awards – 2023.
J&K Bank continues to strengthen its position as a leading regional bank while expanding its presence across India, maintaining strong financial metrics, and delivering consistent value to shareholders through its strategic initiatives and operational excellence.
