'J & K Bank has reported 17% growth
in net profit at Rs 484.84 crore for the quarter ended June 2025 (Q1FY2026). The
bank has posted healthy 7% growth in net interest income (NII), while the core
fee income of the bank also improved 7% in Q1FY2026. The Net Interest Margin
(NIM) of the bank eased to 3.72% in Q1FY2026 compared to 3.86% in the
corresponding quarter of previous year.
On business front, the bank as has posted 9% growth
in business with 6% rise in loan book. The asset quality of the bank was stable
in Q1FY2026. The credit to deposit ratio of the bank declined to 70.0% at end
June 2025 from 74.4% at end June 2024. CASA ratio of the bank has declined to 45.7%
at end June 2025 from 49.8% at end June 2024.
Asset quality improves: The bank has maintained stable asset quality in
Q1FY2026.
The fresh slippages of loans stood at Rs 274 crore
in Q1FY2026 compared with 198 crore in previous quarter and Rs 174 crore in the
corresponding quart...
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