Jammu and Kashmir Bank Ltd(J&KBANK)

NSE: J&KBANKBSE: 532209

₹ 113.05-16.26%refreshed 23 Oct, 03:55 pm ISTMarket cap: ₹ 12,449 crWebsite: www.jkbank.comUpdated: 23 Oct 2026

About

Jammu & Kashmir Bank is a private sector bank headquartered in Srinagar, serving as the principal banker to the Union Territories of Jammu & Kashmir and Ladakh while expanding its footprint across the rest of India. The bank posted FY26 net profit of ₹2,363 crore, its fourth consecutive annual record, with RoA of 1.37% and RoE of 16.85%. Deposits remain concentrated in J&K UT, at ₹1,36,831 crore of ₹1,65,354 crore in FY26.^[1][2]

Business segments

Retail banking was the largest segment in FY26 with revenue of ₹9,004.09 crore (58.8%), against ₹8,998.45 crore in the prior year.^[3][4]
Treasury operations revenue was ₹3,594.34 crore (23.5%) in FY26, against ₹3,187.34 crore in the prior year.^[3][4]
Corporate/wholesale banking revenue was ₹2,623.39 crore (17.1%) in FY26, against ₹2,741.16 crore in the prior year.^[3][4]

Loan book and deposits

As of Q1 FY27, net advances stood at ₹1,28,183 crore and deposits at ₹1,73,420 crore.^[2]
CASA ratio fell to 42.06% in Q1 FY27 from 45.65% in FY26. It was 56.56% in an earlier year of the series.^[2]
Gross advances reached ₹1,24,981 crore in FY26, up 16.8% YoY. JKL made up 63% of the loan book and Rest of India 37% as of March 2026.^[5]
Within FY26 advances, corporate lending grew 38.5% YoY and agriculture grew 27.6% YoY, the two fastest-growing segments.^[5]
The financial markets (NBFC) book reached ₹20,334 crore (16.3% of advances) in FY26, nearly double the year before.^[5]
Provisional gross advances grew 23.72% YoY to ₹1,33,551 crore and total business grew 19.38% YoY to ₹3,10,347 crore as of 30 September 2026, with CASA at 42.01%.^[6]

Key operating metrics

NIM was 3.28% in Q1 FY27, down from 3.72% in Q1 FY26 and 3.52% in Q4 FY26.^[1]
GNPA fell to 2.37% in Q1 FY27 from 3.50% a year earlier. NNPA was 0.60% and the gross slippage ratio was 0.45%.^[1]
Credit cost was 0.10% in Q1 FY27, down 3 bps YoY. Cost-to-income ratio was 58.90%, down 185 bps YoY.^[1]
CRAR rose to 16.67% in Q1 FY27 from 15.98% a year earlier, and CET1 rose to 13.91% from 12.69%.^[1]
Full-year NIM was 3.60% in FY26, down from 3.92% in FY25.^[5]

Geographic diversification

The Rest of India division contributed about 26% of total business as of June 2026, up from less than 20% a year earlier.^[1]
Rest of India advances grew 28.8% YoY in FY26, against 9.3% for JKL. The bank has a long-term target of a 50:50 split between the two.^[5]
Outside J&K, corporate lending has shifted to AAA-rated PSUs and high-rated borrowers, while retail lending is sourced through DSAs.^[4]
In Q1 FY27, car loans in Rest of India grew over 30% YoY and personal loans there grew over 12% YoY.^[1]

Digital reach

Digital channels handled 94.29% of all transactions in Q2 FY26, up from 91.95% in September 2024.^[7]

Expansion and capital plans

The bank plans to raise up to ₹1,000 crore of equity via QIP or private placement in Q3 FY27, with the J&K UT government's stake kept at a minimum of 51%.^[2]
The bank plans ₹500 crore of Tier II capital in Q2 FY27 and targets CRAR of 17.85% by March 2027, against 16.55% at FY26.^[2]
FY27 targets are deposits of ₹1,85,266 crore and gross advances of ₹1,42,640 crore.^[2]
The bank plans 50 to 70 new branches in Rest of India over FY27-FY28, and 15-20 branches per year in JKL.^[1]
Co-lending began in Q4 FY26 with a ₹1,000 crore initial target for FY27 and board approval to scale up to ₹5,000 crore.^[5]
Under its 'Mission 5 Lac Crore' plan, the bank targets total business above ₹5,00,000 crore and annual net profit of ₹5,000 crore by FY2030.^[5]
The bank plans to scale up its trading book to diversify treasury income.^[2]

Recent developments

JKGB and EDB were amalgamated into J&K Grameen Bank from 1 May 2025.^[4]
The Special Rehabilitation Package was completed by 31 December 2025: 10,600 accounts were restructured for ₹1,400 crore, with a ₹68 crore provision.^[8]
Market capitalisation crossed ₹20,000 crore. Institutional shareholding rose to 15.74% in Q1 FY27 from 11.5% a year earlier.^[1]
Deposits rose over 4% QoQ in Q1 FY27, the bank's first sequential deposit growth in a Q1 in six years.^[1]

Market Cap

₹12,449 Cr

High / Low

₹202 / 97

Stock P/E

6.4

Price / Book

0.9

Book Value

₹149

EPS

₹21.4

No. of Shares

110.12 Cr

ROE

15.4%

Sales

₹13,151 Cr

Net Profit

₹2,360 Cr

Promoter holding

59.4%

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Jammu and Kashmir Bank Ltd(J&KBANK)

About

Business segments

Loan book and deposits

Key operating metrics

Geographic diversification

Digital reach

Expansion and capital plans

Recent developments

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