Srinagar, August 27, 2025 – In a significant boost to its shareholders, Jammu & Kashmir Bank (J&K Bank) announced a robust 215% dividend for the financial year 2024-25 during its 87th Annual General Meeting (AGM) held at the Sher-i-Kashmir International Convention Centre (SKICC). This declaration marks the third consecutive year of substantial rewards, underscoring the bank’s strong financial performance, consistent profitability, and commitment to delivering value to investors. The AGM, themed ‘Driving Growth & Delivering Excellence’, was chaired by Managing Director & CEO Amitava Chatterjee and attended by key stakeholders, including representatives from the Jammu & Kashmir Government, the bank’s majority promoter.The event saw a large turnout of shareholders, along with the bank’s Executive Director Sudhir Gupta, Chief General Managers Sunit Kumar and Imtiyaz Ahmad, and other senior officials, auditors, and media representatives. Two directors participated virtually, ensuring broad representation amid the proceedings.
Key Highlights from MD & CEO’s Address
In his keynote address, MD & CEO Amitava Chatterjee highlighted FY 2024-25 as a “landmark year” for J&K Bank. The bank achieved record profits, double-digit growth in both deposits and advances, and notable improvements in asset quality, capital adequacy, and cost-to-income ratio. These metrics reflect the institution’s solid fundamentals and enhanced operational efficiency.Chatterjee emphasized the bank’s digital transformation journey, noting that digital transactions accounted for 92.46% of total transactions in FY 2024-25. Key initiatives include enhancements to mobile and internet banking platforms, end-to-end digital loan journeys for retail customers via centralized credit processing, and a revamped website for better customer experience. Recently, the bank inaugurated Centralized Processing Centres for corporate loans, digitalizing the process to improve underwriting standards, reduce turnaround times, and elevate service delivery.On the social responsibility front, the bank allocated approximately Rs 31 crore to Corporate Social Responsibility (CSR) initiatives across healthcare, education, environmental sustainability, and skill development, reinforcing its dedication to inclusive and sustainable growth.Looking ahead, Chatterjee outlined an ambitious five-year roadmap, aiming to surpass Rs 5 lakh crore in business volume and achieve Rs 5,000 crore in annual net profit by FY 2030. The strategy focuses on quality business growth, digital excellence, financial inclusion, human capital development, and superior customer service.
Principal Secretary’s Insights on Trust and Future Pillars
Principal Secretary to the Government (Finance Department), Santosh D Vaidya (IAS), representing the J&K Government, congratulated the bank’s staff for their dedication and contributions. He described the AGM as a platform to celebrate successes while contemplating future challenges, particularly geopolitical factors affecting local economic activities. Vaidya expressed optimism about the bank’s resilience and growth potential.Emphasizing that “the trust of shareholders and customers is the Bank’s core strength,” Vaidya urged the institution to continually strengthen this foundation. As the major shareholder, the government outlined five key pillars for sustained growth: customer focus, regulatory compliance, capital adequacy, technological upgradation, and business expansion. He stressed the importance of making customers feel welcomed at all touchpoints and upgrading IT platforms to global standards .
Vaidya also called for improvements in cost-to-income ratio, staff capacity building, and increased technology investments to enhance convenience while mitigating cyber risks. He reiterated the bank’s pivotal role in elevating per capita income in J&K through scaled operations and business diversification.
Procedural Aspects and Shareholder Engagement
The meeting included the presentation of the Auditor’s Report, comments from the Comptroller and Auditor General (C&AG), and the Secretarial Audit Report by DGM & Company Secretary Mohammad Shafi Mir. Briefings on agenda items were provided, ensuring transparency and informed decision-making.
This 215% dividend payout, equivalent to Rs 2.15 per equity share of Re 1 face value, is subject to shareholder approval and aligns with the bank’s history of rewarding investors. It follows similar declarations in previous years, building on a legacy of financial stability since the bank’s establishment.
J&K Bank’s performance continues to position it as a leader in the regional banking sector, with keywords like J&K Bank dividend, 87th AGM, 215% payout, financial year 2024-25, digital transformation, shareholder rewards, growth pillars, and CSR initiatives encapsulating the essence of this event. For more details, shareholders are encouraged to refer to the official announcements on the bank’s website.
