J&K Bank achieves record annual profit of Rs 2,363 crore in FY26, marking fourth consecutive year of historic earnings growth. The bank posted a robust 13% year-on-year increase from Rs 2,082 crore previously, with fourth quarter net profit reaching nearly Rs 800 crore. Despite geopolitical uncertainties and challenging local conditions, J&K Bank demonstrated resilience through improved asset quality and strong capital adequacy. Gross non-performing assets declined to 2.5% from 3.37% year-ago, while provision coverage ratio exceeded 90%. Total business surged 13.61% to Rs 2,90,341 crore. However, interest income growth remained muted due to RBI policy rate cuts and intense competition for deposits. The bank plans capital raising ahead of ECL implementation in April 2027 and continues focusing on retail lending, MSME support, and agriculture credit expansion across India.
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