J&K Bank FY26 update: Advances rise 17%, total business nears ₹2.9 lakh crore

Jammu and Kashmir Bank reported steady expansion in its business performance for FY26, with growth across deposits, advances and overall business.

CASA deposits rose 8.07% year-on-year to ₹75,478 crore, compared with ₹69,843 crore a year earlier, indicating improved mobilisation of low-cost deposits.

Total deposits increased 11.3% to ₹1.65 lakh crore from ₹1.48 lakh crore, reflecting sustained customer inflows and balance sheet strengthening.

Overall business, comprising deposits and advances, grew 13.61% to ₹2.90 lakh crore, up from ₹2.55 lakh crore in the previous year, signalling broad-based operational growth.

Gross advances saw a sharper rise of 16.83% year-on-year to ₹1.24 lakh crore, compared with ₹1.06 lakh crore in FY25, pointing to stronger credit offtake 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, the bank said.  Shares of the bank ended lower by 0.80% at ₹113.36 on the NSE.