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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J&K Bank on Wednesday said its board has approved the appointment of S Krishnan as non-executive chairman of the bank for a period up to March 26, 2028. His appointment would be effective from the date of approval from the Reserve Bank of India (RBI), J&K Bank said in a regulatory filing. The bank's board, in its meeting held on August 25, took the decision in this respect, it said. Krishnan, currently an independent director on the board of Srinagar-headquartered bank, served as MD & CEO of state-owned Punjab & Sind Bank. Subsequent to superannuation and pursuant to the approval of the appointment by the RBI, Krishnan took charge as MD & CEO of Tamilnad Mercantile Bank in September 2022. Krishnan, a veteran banker with more than four decades of experience, is a postgraduate in Commerce and a qualified Cost Accountant.