Jammu Kashmir Bank Q3 Business Grows 13.34 Per Cent to Rs 2.72 Lakh Crore  | Kashmir Life

SRINAGAR: Jammu and Kashmir Bank has reported a steady improvement in its business performance in the third quarter of the financial year, with total business rising 13.34 per cent year on year to Rs 2.72 lakh crore, according to a provisional quarterly update released on Friday.

The growth was driven by a strong expansion in advances and a sustained increase in deposits, underscoring the lender’s resilience amid a competitive banking environment. Gross advances rose sharply by 17.26 per cent to Rs 1,16,247.92 crore as of December 31, 2025, compared with Rs 99,133.35 crore a year earlier, reflecting continued momentum in lending activity across segments.

Total deposits increased by 10.58 per cent on a yearly basis to Rs 1,55,861.35 crore as of the end of the quarter, up from Rs 1,40,947.14 crore as of December 31, 2024. The bank said deposit growth during the quarter was supported by both retail and institutional inflows, indicating sustained customer engagement and balance sheet expansion.

However, growth in low-cost deposits remained modest. Current account and savings account, or CASA, deposits stood at Rs 68,736.27 crore at the end of the quarter, registering a marginal increase of 1.25 per cent year on year. As a result, the CASA ratio declined to 44.10 per cent as of December 31, 2025, compared with 48.17 per cent in the corresponding period last year. The decline in the ratio points to a higher share of term deposits in the overall deposit mix.

Despite the moderation in CASA growth, the bank’s overall business performance reflects stability in its core operations. Total business, which includes deposits and advances, stood at Rs 2,72,109.27 crore as of December 31, 2025, up from Rs 2,40,080.49 crore a year earlier.

On the investment side, gross investments declined marginally by 2.07 per cent to Rs 40,535.76 crore, compared with Rs 41,394.29 crore in the year-ago period.

The quarterly business update offers an early snapshot of the bank’s operational momentum ahead of the release of its detailed financial results. In the previous quarter, the bank had reported a 1.91 per cent sequential rise in net profit to Rs 494.11 crore in Q2 FY26, even as total income declined 2.04 per cent quarter on quarter to Rs 3,446.71 crore. On a year-on-year basis, net profit in Q2 FY26 had fallen 10.31 per cent, while revenue had risen marginally by 0.79 per cent.

Jammu and Kashmir Bank operates across three major divisions, including support services, depository services, and third-party services, and remains a key player in the region’s banking sector.

The market responded positively to the update, with shares of Jammu and Kashmir Bank ending higher on Friday. The stock closed at Rs 102.42, up 1.37 per cent, on January 2, ahead of the announcement, while on the BSE it gained around 1.29 per cent to close at Rs 102.35.

The bank noted that the figures disclosed are provisional in nature and subject to audit and review.