'Jammu & Kashmir Bank conducted a concall on 21 January 2025 to discuss
the financial results for the quarter ended December 2024 and prospects of the
bank. Amitva Chatterjee, MD&CEO of the bank addressed the call:
Highlights:
The bank has done well on the deposit front in the last two
quarters with the 9.67% growth end December 2024. With Q4 being best in the
deposit mobilization, the bank expects to further improve its deposit base in
Q4FY2025.
The term deposits increased at a faster pace of 15%, while
Casa deposit rose 4.4%, but still the Casa ratio of the bank is strong at
48.2%.
The state of Jammu and Kashmir accounts for 90% of the
deposit of the bank, with Casa ratio above 51%. The bank expects strong growth
ahead in deposits, driven by release of government payments, realizations on
horticulture crops and strong winter tourism.
The loan growth is moderate at 7% mainly driven by steady
trade and corporate lo...
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