SRINAGAR, July 28, 2025 : Jammu and Kashmir Bank has posted a record net profit of ₹484.84 crore in the April–June quarter of FY26 — its highest-ever Q1 earnings — driven by a sharp focus on agriculture and retail lending, MD & CEO Amitava Chatterjee said on Monday.
The profit marked a 16.7% jump over the ₹415.49 crore posted in the same quarter last year. Chatterjee noted that the profit could have been even higher had the bank not allocated ₹87 crore for investment in the Regional Rural Bank (RRB), following the merger of Ellaquai Dehati Bank with J&K Grameen Bank.
“We’ve restructured our agri portfolio. Beyond Kisan Credit Cards, we’ve introduced a term loan that enables investment credit. This led to a ₹1,500 crore growth in agri lending this quarter,” he told.
The bank has set a target of ₹5,000 crore in agriculture loans for the year and expects to exceed it comfortably. “The offtake has outpaced even some major banks,” he said.
Retail lending outside J&K also surged by 50–75% YoY, driven by tailored product offerings such as home and auto loans. “We’ve been very selective, focusing on products with universal appeal,” Chatterjee said.
He added that while retail has performed strongly, the bank has consciously reduced its corporate lending exposure due to stiff competition in that segment.
“We’ve also streamlined internal processes and started centralised processing units for corporate, SME, and agri loans to enhance efficiency,” the MD said, expressing optimism for continued business growth ahead.
