Srinagar, Oct 22: Supported by growth in earnings and further improvement in asset quality, J&K Bank today reported 28.8% rise quarter-on-quarter and 10.6% rise year-on-year in its net profit to Rs 546.36 Cr for the quarter (Q2) ended September 30, 2026, when compared with Rs 424.18 Cr and Rs 494.11 Cr recorded during Q1 FY 2026-27 and Q2 FY 2025-26 respectively. 

The Bank announced the financial results after its Board of Directors reviewed and approved the quarterly and half-yearly figures at a meeting held at the Bank’s corporate headquarters on 22nd October 2026.

Operating Performance: The Bank’s Net Interest Income (NII) rose 5% YoY during the quarter to Rs 1502 Cr. During the quarter, other income doubled to Rs 314.90 Cr YoY from Rs 153.76 Cr recorded in the corresponding quarter last year while also growing 47% sequentially.

With controlled operating expenditure, witnessing just 1.5% YoY growth for the half-year, the operating Profit for the half-year has also grown by over 15% YoY, being recorded at Rs.1,492 crores. The Cost-to-Income Ratio for the quarter has consequently witnessed substantial improvement, being recorded at 56.57% compared 60.79% for the corresponding quarter last year. The Bank’s Return on Assets during the quarter jumped 20 bps sequentially and has been recorded at 1.07%.

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