J&K Bank's Q2 profit dips 11% to ₹494cr

Business Oct 19, 2025

Jammu and Kashmir Bank's July-September 2024 profit dropped 11% to ₹494 crore, partly due to extra provisions related to its investment in J&K Grameen Bank after the amalgamation of regional rural banks.
Even with this setback, the bank kept its income steady and saw a slight rise in net interest earnings.

Bad loans fell, coverage stayed high

Despite the profit dip, J&K Bank actually improved its asset quality—bad loans fell and coverage stayed high.
Deposits jumped over 10% and loans grew too, showing solid business momentum.
CEO Amitava Chatterjee sounded upbeat about hitting yearly targets, pointing out the bank's healthy capital buffer.
For anyone curious about how banks handle big changes and still keep growing, this is a good example.