J&K Bank Total Business Crosses ₹3 Lakh Crore Milestone; Q1 Gross Advances Leap 25.51% YoY

Jammu and Kashmir Bank Limited has released its provisional operational parameters for the first quarter of the financial year 2026-27 ending June 30, 2026. The bank sustained its high-growth trajectory, achieving a historic milestone as its total business mix successfully breached the ₹3 lakh crore threshold, driven by an accelerating credit engine and steady annual deposit traction.

Powerful Expansion in Credit and Overall Business Mix

The bank's aggregate business volume—comprising total deposits and gross advances—expanded by a robust 20.36% year-on-year. Total business scaled to ₹3,03,996 Crore during the provisional quarter, up from ₹2,52,581 Crore in the corresponding first quarter of the prior fiscal year. This performance also reflects a steady sequential build-up over the audited exit figure of ₹2,90,335 Crore logged in March 2026.

Lending operations acted as the primary growth catalyst during this three-month cycle. Gross Advances surged by 25.51% year-on-year to hit ₹1,30,576 Crore, pulling significantly ahead of the ₹1,04,039 Crore recorded by this time last year. On a quarter-on-quarter basis, the loan book built steadily on its momentum, growing beyond the audited March 2026 baseline of ₹1,24,981 Crore.

Meanwhile, the bank's Gross Investment book remained highly stable, edging up by a minor 0.91% annually to close at ₹43,706 Crore compared to ₹43,311 Crore in June 2025.

Healthy Deposit Accretion Amid Seasonal CASA Moderation

The lender’s liability franchise continued to experience a strong annual trajectory, ensuring stable funding support for the expanding loan portfolio:

Total Deposits: Aggregate deposit balances climbed 16.75% year-on-year to finish the quarter at ₹1,73,420 Crore, gaining ground over the ₹1,48,542 Crore held at the end of June last year, as well as the audited March 2026 figure of ₹1,65,354 Crore.

CASA Performance: Low-cost Current Account Savings Account (CASA) deposits expanded by 7.48% annually to land at ₹72,979 Crore against the previous year's baseline of ₹67,900 Crore.

CASA Ratio Dynamics: Tracking a broader banking industry trend of seasonal liquidity outflux during the first quarter, CASA balances observed a minor sequential contraction from the audited March 2026 high of ₹75,475 Crore. Consequently, the bank's high-value CASA share adjusted downwards to 42.08% for the provisional quarter, representing a drop of 363 basis points (bps) year-on-year from the 45.71% ratio logged in June 2025.

The operational parameters released by Jammu and Kashmir Bank are early provisional numbers. These metrics remain subject to a formal independent audit prior to the final publication of full Q1 FY27 financial results.

Shares of The Jammu & Kashmir Bank Limited was last trading in BSE at Rs. 155.95 as compared to the previous close of Rs. 154.75. The total number of shares traded during the day was 565615 in over 4330 trades.

The stock hit an intraday high of Rs. 157.15 and intraday low of 150.40. The net turnover during the day was Rs. 86793823.00.

Source : Equity Bulls

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TheJammuandKashmirBank INE168A01041 OperationalUpdate Q1FY27