Jammu and Kashmir Bank Ltd News
Jammu & Kashmir Bank Q1 result: Net profit falls 11.5% to ₹428.8 crore
Jammu & Kashmir Bank on Wednesday reported an 11.5 per cent decline in net profit at Rs 428.80 crore in the first quarter of the current fiscal. The private sector lender had a consolidated net profit of Rs 484.53 crore in the April-June quarter of FY26. Total income of the bank rose to Rs 3,765 crore during June quarter of FY27, from Rs 3,521 crore in the corresponding period of last fiscal, J&K Bank said in a regulatory filing. During the quarter, the Bank's Net Interest Income (NII) increased 2 per cent to Rs 1,497 crore from Rs 1,465 crore recorded in the corresponding period last year, while Net Interest Margin (NIM) stood at 3.28 per cent. J&K Bank MD & CEO Amitava Chatterjee said, "Industry-wide phenomenon of elevated funding costs and sluggish low-cost deposit mobilisation pressured margins weighing on profitability during the quarter". Shares of J&K Bank were trading at Rs 153.80, down 13.23 per cent over previous close on BSE.
 "Jammu & Kashmir Bank Q1 result: Net profit falls 11.5% to ₹428.8 crore")
J&K Bank soars 6% as lender to divest PNB MetLife stake; stock up 80% YTD
J&K Bank has proposed to divest 10.25 million equity shares in PNB MetLife India Insurance Company at ₹117.20 apiece, taking the transaction value to ₹120.1 crore.
 "J&K Bank soars 6% as lender to divest PNB MetLife stake; stock up 80% YTD")
Stocks to buy today: J&K Bank, DMart among top picks by analyst
Stocks to buy today: Jatin Gedia of Teji Mandi Investment has recommended three stocks to buy today - J&K Bank, DMart and Jindal SAW.
 "Stocks to buy today: J&K Bank, DMart among top picks by analyst")
J&K Bank aims for ₹5 trn biz, near-zero net NPA in 2-3 years: MD & CEO
MD & CEO Amitava Chatterjee says the bank aims to become a national player with a stronger retail footprint outside Jammu & Kashmir
 "J&K Bank aims for ₹5 trn biz, near-zero net NPA in 2-3 years: MD & CEO")