J&K Bank Q1 Profit Slips 13% as Higher Provisions Hit Earnings
8 Articles
8 Articles
J&K Bank posts net profit of Rs 424 Cr for Q1
Delivering another quarter of steady financial performance, J&K Bank today posted a net profit of Rs 424.18 Cr for the quarter ended June 30, 2026. The Bank announced the financial results after the Board of Directors approved the quarterly numbers in a meeting held today at the Bank’s corporate headquarters. Continuing its strong growth trajectory, the Bank’s advances grew by 25% YoY to Rs 130503 Cr during the quarter while the deposits increas…
J&K Bank posts Rs 424-crore Q1 net profit - The Tribune
J&K Bank on Wednesday reported a net profit of Rs 424.18 crore for the quarter ended June 30, 2026, maintaining its steady financial performance during the first quarter of the current financial year.
J&K Bank Q1 profit slips 13% as higher provisions hit earnings
Jammu and Kashmir Bank reported a 12.6% decline in Q1 net profit to Rs 424 crore due to higher provisions despite improved asset quality. Advances and deposits grew strongly, while net interest margin narrowed, triggering a nearly 13% decline in the banks share price.
Jammu & Kashmir Adds 1,611 Cooperatives Under Village Plan
SRINAGAR: Jammu and Kashmir has significantly boosted its cooperative sector, registering 1,611 new multipurpose Primary Agricultural Credit Societies (PACS), dairy, and fisheries cooperative societies. This expansion is part of a nationwide initiative by the Government of India aimed at establishing cooperative societies in all panchayats and villages across the country. Information was available with The Chenab Times detailing that out of the …
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