Gross NPA Ratio
2.50%
-70bps YoY
Improved from 3.20% in FY25, reflecting sustained asset quality improvement.
JAMMUANDKASHMIRBANK
Financial Services
30 Apr 2026
Jammu and Kashmir Bank Ltd — Q4 FY26
Jammu and Kashmir Bank delivered a record annual net profit of ₹2,363 crore for FY26, with Q4 PAT of ~₹800 crore (up 36% QoQ).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Jammu and Kashmir Bank delivered a record annual net profit of ₹2,363 crore for FY26, with Q4 PAT of ~₹800 crore (up 36% QoQ). The bank surpassed most guidance metrics, including credit growth of 16.8% (vs. 12% guidance) and deposit growth of 11.3%. NIM moderated to 3.60% due to 125 bps rate cuts, but cost efficiencies drove operating leverage, with employee costs declining ~4%. Asset quality improved further: GNPA at 2.50% and NNPA at 0.64%, with gross slippage of just 0.82%. Management guided conservatively for FY27: credit growth 12%, NIM ~3.5%, ROA ~1.37%, and GNPA <2.25%. Key risk: ECL implementation from April 2027 may require ₹1,600-1,700 crore additional provisions, though management expects credit costs to remain below 0.2%.
Key Numbers
Net NPA Ratio
0.64%
-26bps YoY
Declined from 0.90% in FY25, driven by recoveries and low slippages.
CASA Ratio
45.65%
+155bps QoQ
Improved from 44.10% in Q3 FY26, surpassing the 45% guidance.
Business per Employee
₹23.64 Cr
+17.1% YoY
Increased from ₹20.18 Cr in FY25, indicating higher productivity.
Management Guidance
Credit growth of 12% for FY27
Management guided for 12% loan growth, but expects to outperform if system growth is higher.
Management guidance growthDeposit growth of 10% for FY27
Deposit growth guided at 10%, with CASA ratio maintained at 45%.
Management guidance growthNIM around 3.5% for FY27
Net interest margin guided at 3.5%, with potential upside as retail yields recover.
Management guidance marginsROA maintained at ~1.37% and ROE ~16% for FY27
Return ratios guided to remain near current levels, with conservative assumptions.
Management guidance marginsKey Risks
ECL implementation impact
RBI's ECL norms from April 2027 may require ₹1,600-1,700 crore additional provisions, potentially impacting capital adequacy.
high · management_commentaryGeopolitical and macroeconomic headwinds
World Bank slashed India's FY27 growth forecast to 6.6%, which could impact credit demand and asset quality.
medium · management_commentaryNIM compression from rate cuts
Cumulative 125 bps repo rate cuts in 2025 have compressed NIM; full transmission may take time.
medium · analyst_questionCompetition in Jammu & Kashmir
Increased branch openings by other banks in urban centers could erode market share, though management expects to regain lost ground.
low · analyst_questionNotable Quotes
What sets this achievement apart and makes it more special is the backdrop on in which it has been achieved as FY226 was laced with frequent challenges especially in our core geography of Jammu and Kashmir besides global uncertaintities.
While it may seem like we are underpromising, rest assured that we will strive to overd deliver like we did this year.
If the system grows at 16% I would definitely want to grow more than 16%. And that is given you can take it from me.
Frequently Asked Questions
What was Jammu and Kashmir's revenue in Q4 FY26?
Jammu and Kashmir reported revenue of — in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Jammu and Kashmir management give for FY27?
Credit growth of 12% for FY27: Management guided for 12% loan growth, but expects to outperform if system growth is higher. Deposit growth of 10% for FY27: Deposit growth guided at 10%, with CASA ratio maintained at 45%. NIM around 3.5% for FY27: Net interest margin guided at 3.5%, with potential upside as retail yields recover. ROA maintained at ~1.37% and ROE ~16% for FY27: Return ratios guided to remain near current levels, with conservative assumptions.
What are the key risks for Jammu and Kashmir in FY27?
Key risks include ECL implementation impact — RBI's ECL norms from April 2027 may require ₹1,600-1,700 crore additional provisions, potentially impacting capital adequacy.; Geopolitical and macroeconomic headwinds — World Bank slashed India's FY27 growth forecast to 6.6%, which could impact credit demand and asset quality.; NIM compression from rate cuts — Cumulative 125 bps repo rate cuts in 2025 have compressed NIM; full transmission may take time.; Competition in Jammu & Kashmir — Increased branch openings by other banks in urban centers could erode market share, though management expects to regain lost ground..
Did Jammu and Kashmir meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Jammu and Kashmir Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.