The Jammu & Kashmir Bank Limited has informed the Exchange about Transcript

J&K Bank reported its highest-ever Q1 net profit of INR 485 crores, up 16.7% year-on-year, though a one-time INR 87 crore impairment provision related to the amalgamation of J&K Grameen Bank with Ellaquai Dehati Bank under the One State, One RRB concept dragged the headline number. Excluding this charge, profit growth would have exceeded 30% YoY. Loan growth was muted at 6.1% YoY with a 2.7% sequential decline, while deposit growth was healthy at 12.1% YoY (vs industry 10.1%) and CASA ratio eased to 45.71%. NIM contracted to 3.72% and management revised the FY26 NIM guidance downward to 3.65%-3.70% following the RBI's surprise 50 bps rate cut in June 2025. Asset quality stayed stable with gross NPA at 3.5%, NNPA at 0.82%, PCR above 90%, and SMA-0 to standard advances ratio improving sharply from 15.91% to 9.01%. The board has approved raising INR 1,000 crore in equity and INR 500 crore in bonds as growth capital, while management guides for 12% credit growth, 10% deposit growth, ROE of 16%-17%, and a longer-term 50:50 loan mix between J&K and Rest of India.