J&K Bank net profit jumps over 10% to Rs 586.73 crore in Q3

Jammu and Kashmir Bank on Tuesday announced robust financial numbers for the October-December quarter of FY26, registering a 10.4 per cent rise in net profit annually and an 18.7 per cent growth sequentially. The bank’s net profit rose to Rs 586.73 crore in the latest third quarter from Rs 531.51 crore recorded in the corresponding three-month period of the previous financial year, according to an official Statement. The bank’s board of directors approved the quarterly results for the third quarter and the nine months of the ongoing fiscal year during a meeting held at its divisional office here.

Net profit in the first nine months of the current financial year grew 4.5 per cent to Rs 1,565.68 crore as against Rs 1,497.92 crore recorded in the same period of last financial year, reflecting a sustained growth trajectory, the Statement said. Managing Director and Chief Executive Officer Amitava Chatterjee said, “Despite rate cut, impairment provisioning for Grameen Bank and challenging conditions - particularly the events of April 22 (Pahalgam attack), their subsequent impact, and the floods that disrupted the local economy - the bank remains firmly on track to deliver record profits for the fourth consecutive year.”