The Jammu & Kashmir Bank Limited has informed the Exchange with copy of minutes of Annual General Meeting held on August 26, 2025
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Jammu & Kashmir Bank held its 87th AGM in Srinagar on August 26, 2025, where the MD & CEO highlighted record performance for FY2024-25, including a lifetime-high annual net profit of ₹2,082 crore (up 18%), total business crossing ₹2.5 lakh crore, and advances surpassing ₹1 lakh crore. Key financial metrics were strong: Gross NPA at 3.37%, Return on Assets at 1.32%, Return on Equity at 17.37%, Net Interest Margin at 3.92%, and Capital Adequacy at 16.29% (CET-1 of 12.95%), with Cost-to-Income Ratio improving to 57.73% from 62.24%. Shareholders approved a 215% dividend (₹2.15 per share of ₹1 face value), re-appointment of two IAS directors (Dr. Mandeep K Bhandhari and Dr. Pawan Kotwal), remuneration of statutory auditors, and appointment of M/s D K Pandoh & Associates as Secretarial Auditors for a five-year term (FY2025-26 to FY2029-30). The Bank also shared its FY2030 ambition of ₹5 lakh crore business and ₹5,000 crore annual net profit.
Strong FY25 results and a 215% dividend declaration reinforce the Bank's improving fundamentals and shareholder-friendly stance, likely to be viewed positively by retail investors. The forward-looking growth targets and continued asset quality improvement may support sentiment on the stock.