The Jammu & Kashmir Bank Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 26, 2025
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Jammu & Kashmir Bank held its 87th AGM on August 26, 2025, in Srinagar. The bank reported its best-ever annual net profit of Rs. 2,082 crore, up 18% year-on-year, and crossed major milestones of Rs. 2.5 lakh crore in total business and Rs. 1 lakh crore in advances. Key metrics improved with GNPA at 3.37%, RoA at 1.32%, RoE at 17.37%, NIM at 3.92%, capital adequacy at 16.29%, and cost-to-income ratio falling to 57.73% from 62.24%. Shareholders approved a final dividend of 215% (Rs. 2.15 per share), re-appointment of two IAS directors, and appointment of M/s D K Pandoh & Associates as secretarial auditors for five years. The management set a 2030 vision of Rs. 5 lakh crore business and Rs. 5,000 crore annual net profit.
Strong profit growth, improving asset quality, and a healthy dividend are positive signals for shareholders. The 2030 growth targets may boost investor sentiment, though the absence of a regular Board Chairperson remains a governance watchpoint.