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- J&K Bank's total business crossed the Rs 3 trillion mark.
- Deposits grew over 16%, advances over 25% in Q1.
- Achieved Rs 3 trillion in three years, targeting Rs 5 trillion.
Jammu and Kashmir Bank on Thursday said its total business crossed the Rs 3 trillion mark in the first quarter of this financial year (April-June), driven by over 16 per cent growth in deposits and over 25 per cent growth in total advances.
A spokesperson said on Thursday that the bank registered a total business of Rs 3.04 trillion (Rs 1.73 trillion in deposits and Rs 1.31 trillion in total advances), with a robust growth of over 16 per cent in deposits and over 25 per cent in total advances.
"Crossing a significant milestone in its 88-year journey, J&K Bank has crossed the historic Rs 3 trillion total business mark at the end of the June quarter (Q1 FY2026-27) and cemented its place among the strongest and fastest-growing financial institutions in the country," the spokesperson said.
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Managing Director and CEO Amitabh Chatterjee congratulated all the stakeholders and thanked the promoters, customers, shareholders and employees for making this a wonderful journey for the bank.
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"The journey from a business of Rs 2 trillion to Rs 3 trillion has been completed in around three years, compared to nearly a decade it took to move from Rs 1 trillion to Rs 2 trillion. This is not just faster growth, it is evidence of a fundamentally transformed institution," Chatterjee said.
The turnover of Rs 3 trillion is another milestone in the Bank's goal of realising its Vision 2030 with a turnover of Rs 5 trillion and an annual profit of Rs 5,000 crore.
According to an official release, this historic achievement was celebrated across the bank, with the main event held at Corporate Headquarters. Managing Director and CEO Amitav Chatterjee presided over the event in the presence of Executive Director Sudhir Gupta, Chief General Managers, General Managers, Deputy General Managers, and other senior officials. Division and section heads also joined the ceremony via video conferencing from their offices.
With Agencies Inputs