J&K Bank expects gross NPAs to fall below 2% in two years as recoveries stay strong, even as margins face pressure from cumulative repo rate hikes
Jammu & Kashmir Bank on Tuesday reported a 11 per cent growth in net profit at Rs 589 crore for the third quarter ended December 31, 2025. The bank had a net profit of Rs 531 crore in the October-December period of last fiscal. Total income rose to Rs 3,593 crore during Q3 of FY26, from Rs 3,448 crore in the corresponding quarter of FY25, J&K Bank said in a regulatory filing. The bank's gross non-performing assets (NPA) stood at 3 per cent of gross loans in the December quarter of FY26, compared to 4.08 per cent in the year-ago period. Shares of Jammu & Kashmir Bank closed at Rs 98.90, down 3.75 per cent over previous close on BSE.
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