Jammu and Kashmir Bank on Thursday reported a 10.6 per cent rise in net profit to Rs 546.36 crore for the second quarter ended September 30, 2026, driven by earnings growth and an improvement in asset quality, PTI reported. The bank had earned Rs 494.11 crore in the year-ago quarter, and profit surged 28.8 per cent sequentially from Rs 424.18 crore in the June quarter. The board approved the quarterly and half-yearly results at a meeting at the bank's corporate headquarters in Srinagar.

Source: PTI via The Hindu BusinessLine, Oct 22, 2026

Net interest income rose 5 per cent to Rs 1,502 crore, while other income more than doubled to Rs 314.90 crore from Rs 153.76 crore a year ago. For the first half of the fiscal year, operating profit rose over 15 per cent to Rs 1,492 crore (yaani about Rs 14.9 billion), the cost-to-income ratio improved to 56.57 per cent from 60.79 per cent a year ago, and return on assets rose to 1.07 per cent, PTI reported.

Source: PTI via The Hindu BusinessLine, Oct 22, 2026

Asset quality reached decade-best levels, with the gross NPA ratio at 2.23 per cent of advances and net NPA at 0.51 per cent, according to the bank's exchange filing data summarised by ScoutQuest. Total business grew 19.38 per cent year-on-year to Rs 3,10,347 crore (yaani Rs 3.10 lakh crore, or about Rs 3.1 trillion), and the capital adequacy ratio stood at 16.57 per cent.

Source: ScoutQuest — J&K Bank Q2 FY27 filing summary, Oct 22, 2026

Managing Director and CEO Amitava Chatterjee said the growth in net interest income, the doubling of other income and the over 26 per cent year-on-year increase in operating profit marked an encouraging strengthening of earnings, and that the recovery in return on assets to above 1 per cent underlined the improvement over the June quarter, PTI reported. The Daily Jagran carried the same results, reporting the 28.8 per cent quarter-on-quarter and 10.6 per cent year-on-year profit rise. Sources: PTI via The Hindu BusinessLine, The Daily Jagran and ScoutQuest, all on October 22, 2026.