Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks which was established in 1938. It is publicly listed on both the NSE and the BSE and is headquartered in Srinagar.
The bank operates as a primary financial institution in the Union Territories of Jammu and Kashmir and Ladakh. It is the Reserve Bank of India’s exclusive agent responsible for conducting banking activities on behalf of the governments of Jammu and Kashmir and Ladakh.
J&K Bank collects central taxes and serves as the nodal bank for the Public Financial Management System (PFMS) within the two Union territories. It is also the convenor for the Union Territory Level Bankers Committee (UTLBC) in J&K and acts as the lead bank in 12 districts of the region. The bank operates in many states across India.
The market capitalisation of Jammu and Kashmir Bank is over ₹13,900 crore as of January 9, 2023. Jammu and Kashmir Bank's share price has gained over 370% in the last three years.
Business Operations
J&K Bank offers diverse banking services for business enterprises, government and semi-government employees, autonomous bodies, farmers, artisans, public sector organisations and corporate clients. It also provides many retail credit products such as home and personal loans, education loans, agricultural financing, trade credit and consumer lending.
Jammu and Kashmir Bank opened 10 new branches in the fiscal year 2022-23, bringing the total number of branches to 990 by March 31, 2023. These branches span 18 states and 4 Union Territories. A total of 174 branches are in metro, 110 are in urban, 162 are in semi-urban and 544 are in rural areas. It also established 5 Easy Banking Units and Ultra-Small Branches (EBUs/USBs), raising the total count to 82. The bank added 17 ATMs taking the count to 1,421.
The bank expanded to 996 branches by June 30, 2023. Of these, 831 are functional within the Union Territory of Jammu and Kashmir and 37 operate within Ladakh. The remaining 128 branches are operational outside J&K and Ladakh. J&K Bank has a significant 61.60% market share in the banking sector within Jammu and Kashmir. It has a 54.92% share in the banking business within Ladakh.
J&K Bank fully owns JKB Financial Services Limited and is also the sponsor of J&K Grameen Bank. Its life insurance and non-life insurance partners are PNB MetLife, Bajaj Allianz, Life Insurance Corporation of India and IFFCO Tokio.
J & K Bank Financial Highlights
- Revenue: J & K Bank reported revenue of ₹14,101.38 crore in FY26 vs ₹13,681.57 crore in FY25. It showed an increase of 3.07% on a yearly basis.
- Operating Profit: J & K Bank reported an operating profit of ₹2,963.58 crore in FY26 vs ₹2,938.68 crore in FY25. It showed an increase of 0.85% on a year-on-year basis.
- Net Profit: J & K Bank reported a net profit of ₹2,367.58 crore in FY26 vs ₹2,086.25 crore in FY25. It showed an increase of 13.48% on a yearly basis.
J & K Bank Quarterly Result Highlights
- J & K Bank reported revenue of ₹3,764.96 crore in Jun 2026, compared with ₹3,535.79 crore in Mar 2026, representing an increase of 6.48% on a quarter-on-quarter (QoQ) basis.
- J & K Bank reported an operating profit of ₹620.80 crore in Jun 2026, compared with ₹862.33 crore in Mar 2026, representing a decrease of 28.01% on a quarter-on-quarter (QoQ) basis.
- J & K Bank reported a profit of ₹425.32 crore in Jun 2026, compared with ₹799.15 crore in Mar 2026, reflecting a decrease of 46.78% on a QoQ basis.
- The earnings per share (EPS) of J & K Bank stood at ₹21.42 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
