J&K Bank FY26 Report: Advances Grow by 17%, Total Business Approaches ₹2.9 Lakh Crore

J&K Bank FY26 Report: Advances Grow by 17%, Total Business Approaches ₹2.9 Lakh Crore
Jammu and Kashmir Bank has reported consistent growth in its business performance for FY26, with increases observed in deposits, advances, and overall business volume.

CASA deposits climbed by 8.07% year-on-year to ₹75,478 crore, up from ₹69,843 crore the previous year, highlighting enhanced mobilization of low-cost deposits.

Total deposits rose by 11.3% to ₹1.65 lakh crore, compared to ₹1.48 lakh crore, showcasing sustained customer inflows and an improved balance sheet.
Overall business, which includes both deposits and advances, experienced a growth of 13.61% to reach ₹2.90 lakh crore, up from ₹2.55 lakh crore last year, indicating widespread operational advancement.

Gross advances recorded a significant increase of 16.83% year-on-year, reaching ₹1.24 lakh crore, compared to ₹1.06 lakh crore in FY25, reflecting stronger credit demand during the period.

Also read: J&K Bank in no rush to raise capital as profits and growth improve

The figures are provisional and subject to audit, according to the bank. Shares of the bank closed down by 0.80% at ₹113.36 on the NSE.

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