• Bill Seeking Ban on Alcohol in J&K to be Introduced in Assembly
  • PDP MLA from Kupwara, Fayaz Ahmad Mir, has submitted a Private Member’s Bill seeking a complete ban on liquor in Jammu and Kashmir.
  • The bill, set to be introduced in the upcoming budget session of the J&K Assembly, proposes prohibition on the advertisement, sale, purchase, consumption, and manufacture of alcoholic beverages in the Union Territory.
  • Mir warned that the rising alcohol consumption poses a serious threat to society, stressing the need for strict legislation to curb the trend. The bill also proposes harsh penalties, including imprisonment and fines, for violations.
J&K Bank achieves hattrick in historic profits

J&K Bank Records Historic Net Profit of ₹2082 Cr in FY 2024-25, Achieving Hattrick of Record-Breaking Results

Published on May 5, 2025

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Srinagar, May 5 – Marking yet another milestone, J&K Bank has reported its highest-ever annual net profit of ₹2082.46 crore for the financial year 2024–25, registering a 17.83% year-on-year growth over last year’s ₹1767.27 crore. This marks a hattrick of historic profits, following stellar performances in the previous two financial years.

The bank’s Board of Directors approved the FY and Q4 results during a meeting held at the corporate headquarters in Srinagar. For the quarter ending March 2025, the Bank posted a net profit of ₹584.54 crore, up by 10% quarter-on-quarter from ₹531.51 crore.

Financial Performance and Key Metrics

J&K Bank’s Net Interest Income (NII) grew 11.34% YoY to ₹5793.82 crore, while other income crossed the ₹1000 crore mark for the first time, rising to ₹1136.81 crore (up 37.7% YoY). The Net Interest Margin (NIM) was recorded at a healthy 3.92%, reflecting effective interest rate management amidst rising deposit costs.

The operating profit increased by 28.7% to reach ₹2929.79 crore, while the Return on Assets (RoA) improved to 1.44% from 1.34% in the previous quarter.

Leadership Speaks

Commenting on the results, MD & CEO Amitava Chatterjee said,

“We are proud to report an all-time high net profit, achieving a third consecutive year of record-breaking results. This is a testament to our customers’ trust, the dedication of our workforce, and strategic decisions taken by our leadership. With a resilient core and transformation in motion, we are poised to scale operations, especially in high-potential markets like J&K and Ladakh.”

He further highlighted plans to strengthen the Bank’s focus on retail, MSME, and agriculture lending, while advancing digital transformation to enhance customer experience.

Business Growth and Asset Quality

As of March 31, 2025, total deposits stood at ₹1.49 lakh crore, up 10.24% YoY, and net advances crossed the ₹1 lakh crore milestone, growing 11.13% YoY to ₹1.04 lakh crore.

  • CASA Ratio: 47.01%, reflecting a strong share of low-cost deposits

  • Gross NPA: Improved to 3.37%, down 71 bps YoY

  • Net NPA: Held steady at 0.79%

  • Provision Coverage Ratio (PCR): Maintained above 90%

“This reflects our prudent credit monitoring and sectoral diversification,” said Chatterjee, adding that the Bank had exceeded its asset-quality targets.

Capital Adequacy and Digital Growth

The Capital Adequacy Ratio (CAR) stood at 16.29%, ensuring ample headroom for growth and investment in technology and operations.

On the digital front, the Bank rolled out enhanced customer journeys, upgraded backend systems, and implemented full e-office functionality to promote sustainability.

“Our digital initiatives go beyond operational efficiency—they are reshaping the customer journey,” noted the MD, emphasizing the Bank’s focus on green banking and sustainable lending.

Human Capital and CSR Commitments

J&K Bank continues to invest in its workforce through its internal e-learning platform, ‘e-Pathshala’, fostering upskilling and knowledge sharing.

Under its Corporate Social Responsibility (CSR) initiatives, the Bank deployed over ₹31 crore in FY 2024-25 across healthcare, education, environment, and skill development, reaffirming its commitment to inclusive development.

Supporting Regional Entrepreneurship

Reiterating its role as a key enabler of economic transformation in Jammu & Kashmir and Ladakh, the Bank aims to expand entrepreneurship-linked lending, particularly for the youth.

“We remain dedicated to supporting businesses led by emerging entrepreneurs, promoting inclusive growth, and strengthening the region’s economic fabric,” concluded Chatterjee, thanking all stakeholders for their continued trust and support.

With strategic expansions, digital innovations, and strong fundamentals, J&K Bank remains well-positioned to sustain its growth momentum into the future.

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  • Bill Seeking Ban on Alcohol in J&K to be Introduced in Assembly
  • PDP MLA from Kupwara, Fayaz Ahmad Mir, has submitted a Private Member’s Bill seeking a complete ban on liquor in Jammu and Kashmir.
  • The bill, set to be introduced in the upcoming budget session of the J&K Assembly, proposes prohibition on the advertisement, sale, purchase, consumption, and manufacture of alcoholic beverages in the Union Territory.
  • Mir warned that the rising alcohol consumption poses a serious threat to society, stressing the need for strict legislation to curb the trend. The bill also proposes harsh penalties, including imprisonment and fines, for violations.