JUNE 10: Jammu and Kashmir Bank has marked a significant milestone by crossing ₹2.5 lakh crore in total business, while also surpassing the 2 crore customer accounts mark—underscoring its deepening reach and growing trust across its operating regions. The bank’s remarkable performance was reviewed by Chief Secretary of Jammu & Kashmir, Atal Dulloo, in a high-level meeting that assessed key financial and operational metrics.
During the review, CS Atal Dulloo appreciated the bank’s efforts in expanding its footprint and providing essential banking services to a wide demographic. He urged the bank’s leadership to further accelerate its push towards digital banking transformation and enhance efforts in promoting financial inclusion. Emphasizing the importance of accessible financial services, he encouraged the bank to focus more intensively on priority sector lending to empower underserved sections of society.
The bank’s latest performance figures reflect robust growth and prudent financial management. Its Gross Non-Performing Assets (NPAs) have declined to 3.37%, indicating improved asset quality and effective risk management strategies. Furthermore, J&K Bank has recorded a net profit of ₹2,082 crore, showcasing a strong bottom line and reinforcing investor confidence.
These achievements are seen as a result of ongoing structural reforms, digitalization efforts, and a customer-centric approach adopted by the bank over recent years. With over 2 crore accounts now under its portfolio, J&K Bank continues to serve a critical role in financial empowerment, particularly in the union territories of Jammu & Kashmir and Ladakh.
Chief Secretary Dulloo also highlighted the necessity of expanding the bank’s digital banking infrastructure to rural and remote areas to ensure no citizen is left out of the formal financial system. He called for a more targeted approach in supporting entrepreneurship, agriculture, MSMEs, and other priority sectors.
The bank’s management assured the Chief Secretary of continued efforts to drive inclusive growth, improve service delivery, and strengthen financial health. As J&K Bank continues to evolve into a tech-driven, customer-first financial institution, it remains a vital pillar in the economic development of the region.
With an eye on innovation and community-driven banking, the bank’s journey forward is poised to be as dynamic as its past accomplishments.