J&K Bank Q2 Update: Loans, deposits, investment grew from last year

Jammu & Kashmir Bank Ltd. on Monday, October 6, reported a 9.89% year-on-year growth in its total business to ₹2,57,196 crore (provisional) for the second quarter of the current financial year (Q2 FY25-26).

Total business, which indicates overall operational size, grew from ₹2,34,057 crore in the same quarter last year.

The bank’s gross advances rose by 8.77% year-on-year to ₹1,07,945 crore, up from ₹99,242 crore in the year-ago period.

Gross investments, too, saw a significant growth of 13.62%, reaching ₹45,040 crore from ₹39,640 crore in Q2 last year.

Total deposits registered a 10.23% year-on-year growth to ₹1,52,032 crore, up from ₹1,37,918 crore in the year-ago period.

The bank’s CASA (Current Account Savings Account) deposits stood at ₹69,776 crore, reflecting a 4.09% YoY growth. However, the CASA ratio, or the percentage of bank's total deposits held in current and savings accounts,  declined to 45.90%, down from 48.60% a year earlier.

All figures mentioned for the quarter ended September 30 is provisional, the management said in its statement.

Shares of Jammu & Kashmir Bank are trading slightly below opening price at ₹104.36 apiece. It opened at ₹105.39 on Monday (October 6) morning.

It had reported positive earnings result for the first quarter that ended June 30, 2025. The bank saw a 16.6% year-on-year (YoY) increase in net profit at ₹484.8 crore.

Net interest income (NII) was up 7%, coming at ₹1,465 crore against ₹1,369 crore in the corresponding quarter of FY25.

The gross non-performing asset (GNPA) stood at 3.50% in the June quarter against 3.37% in the March quarter. Net NPA came at 0.82% against 0.79% quarter-on-quarter. The bank’s Return on Assets (RoA) rose to 1.17% from 1.08% in the same period last year.

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